Tollen

Tollen v. Geron Corporation

Good Law
United States District Court, Northern District of CaliforniaMay 14, 20205:20-cv-00547California3,013 words

Opinion

trial_court Opinion

INTRODUCTION

25 Pursuant to the Private Securities Litigation Reform Act, this order APPOINTS Julia and 26 Richard Junge as lead plaintiffs. This order accordingly DENIES the motions of other parties 27 1 for appointment as lead plaintiff. This order also GRANTS the motion to consolidate cases and 2 sets forth the procedure to be used for the selection and approval of class counsel. 3 STATEMENT 4 On January 23, 2020, individual investor Michael Tollen filed a putative securities action 5 against defendant Geron Corporation and individual defendant John Scarlett, the President and 6 CEO of Geron, alleging false and misleading statements in violation of federal securities laws. 7 That same day, Tollen’s counsel published a notice on PRNewswire informing investors that a 8 class action lawsuit had been filed against Geron and that investors had 60 days from the 9 publication of the notice to seek appointment as lead plaintiff. A second such class action was 10 filed in this district by individual Eugene Connor on February 14, 2020, and was later related 11 by this Court. 12 Plaintiff alleges Geron misled…

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