Mehedi
Mehedi v. View, Inc. f/k/a CF Finance Acquisition Corp. II
Opinion
Trial Court Opinion
I. BACKGROUND
26 On October 18, 2021, Ms. Sonthalia and Stadium filed competing motions to be appointed 27 Lead Plaintiff in this securities class action. See ECF Nos. 27, 31. The primary dispute between Ms. Sonthalia and Stadium was how to calculate recoverable loss—under Ms. Sonthalia’s formulas, she had a higher recoverable loss from Defendants’ alleged securities law violations, whereas under Stadium’s formula, it had a higher recoverable loss. See ECF No. 61-1. On February 8, 2022, the Court appointed Stadium as Lead Plaintiff and its counsel Kaplan Fox & Kilsheimer LLP as Lead Counsel. See Order, ECF No. 67. The Court adopted Stadium’s recoverable loss formula, since it sought to disregard fluctuations in View’s stock price prior to the single alleged corrective disclosure in this case, whereas Ms. Sonthalia’s formula factored in these fluctuations. See id. at 10–15. The Court granted Stadium and Defendants’ stipulation setting the deadline for filing an amended complaint on April 19, 2022 and setting deadlines for briefing on any motions to dismiss. See ECF No. 73. On February 22, 2022, Ms. Sonthalia filed …