In re TerraVia Holdings, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 IN RE TERRAVIA HOLDINGS, INC. Case No. 16-cv-06633-JD
SECURITIES LITIGATION
ORDER TO SHOW CAUSE
10
12 In this consolidated securities class action against TerraVia Holdings, Inc. and its former officers, the Court appointed the TerraVia Investor Group as lead plaintiffs under the PSLRA, and “Pomerantz LLP as sole lead counsel for the putative class.” Dkt. No. 38. The Court made the appointment in reliance on the Pomerantz law firm’s submission of a firm resume which represented that “Pomerantz LLP is one of the nation’s foremost specialists in corporate, securities, antitrust and ERISA class litigation.” Dkt. No. 10-6 at 1. The firm resume listed the names and profiles of 39 attorneys who work for the firm. Id. at 12-39. Since the appointment, the Pomerantz firm’s handling of this case on behalf of the putative class has been very troubling. In June 2020, the firm filed a second amended class action complaint, Dkt. No. 91, which was neither permitted as a matter of right under the…