In re Lyft Inc. Securities Litigation

Good Law
United States District Court, Northern District of CaliforniaMay 1, 20234:19-cv-02690California3,182 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA San Francisco Division IN RE LYFT INC. SECURITIES LITIGATION Case No. 19-cv-02690-HSG (LB)

DISCOVERY ORDER Re: ECF No. 328 14 15 16 INTRODUCTION This is a securities class action alleging material misstatements and omissions in Lyft’s 2019 initial-public-offering registration statement.1 Frederic Lande, the Palm Bay Police & Firefighters’ Pension Fund, and the Greater Pennsylvania Carpenters’ Pension Fund filed a similar class action in state court.2 In December 2022, the federal trial court granted preliminary approval of a settlement of the federal action. Rick Keiner is the lead plaintiff and the class representative, and Block & Leviton LLP is class counsel.3 The plaintiff moved for final approval, and the fairness

1 Second Am. Compl. (SAC) – ECF No. 252 at 2–3 (¶¶ 2–6). Citations refer to material in the Electronic Case File (ECF); pinpoint citations are to the…

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