Drieu

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 IN RE ZOOM SECURITIES LITIGATION Case No. 20-cv-02353-JD

ORDER RE RECONSIDERATION

9 Re: Dkt. No. 58 10

13 In November 2020, the Zoom Investor Group (Group) filed a request for leave to seek 14 reconsideration of the Court’s order appointing lead plaintiff, Dkt. No. 56. Dkt. No. 58. The 15 Court granted leave to file the motion, and called for an opposition brief. Dkt. No. 64. The 16 motion is now fully briefed. 17 The request for reconsideration is denied. No new law or material facts are presented as a 18 basis for revisiting the lead plaintiff order, and no “manifest failure by the Court to consider 19 material facts or dispositive legal arguments” in the original proceedings has been shown. Civil 20 Local Rule 7-9(b). 21 While that is enough to deny the request, some additional observations are warranted. The 22 Group did not offer a good reason for the Court to revisit the appointment, or replace Adam Butt 23 with Dr. Tony Pham as lead plaintiff. The Group does not contest that under the Court’s 24 approach, which used multiple…