Altimeo Asset Management v. Jumei International Holding Limited

Good Law
United States District Court, Northern District of CaliforniaSeptember 4, 20203:20-cv-02751California3,445 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 EMAL HAIDERI, Case No. 20-cv-02751-EMC

Plaintiff, ORDER GRANTING ALTIMEO’S

MOTION FOR APPOINTMENT AS

v. LEAD PLAINTIFF AND SELECTION

OF LEAD COUNSEL, AND DENYING

JUMEI INTERNATIONAL HOLDING HUANG GROUP’S MOTION FOR LIMITED, et al., APPOINTMENT AND SELECTION 11 Defendants. Docket Nos. 12, 17 12 13 This federal securities class action was filed on April 21, 2010. Defendants are Jumei International Holding Limited and its Board of Directors, including but not limited to Leo Ou Chen (Jumei’s founder and CEO). The complaint charges Defendants with violating §§ 14(e) and 20(a) of the Securities Exchange Act of 1934 in connection with a recent buyout of Jumei by companies affiliated with Leo Ou Chen. Currently pending before the Court are competing motions for appointment as lead plaintiff and approval of selection of lead counsel. The first motion (Docket No. 12) is brought by a group of four…

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