In re SVB Financial Group Securities Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 In re SVB Financial Group Securities Case No. 3:23-cv-01097-JD
Litigation
ORDER CONSOLIDATING CASES,
APPOINTING LEAD PLAINTIFF, AND
SETTING CASE SCHEDULE
The Court orders as follows in this securities putative class action. I. CONSOLIDATION Plaintiffs Mahendra Sreerama, Tamir Einy, KBC Asset Management NV (KBC), Norges Bank (Norges), and Sjunde AP-Fonden (AP7) ask to consolidate this case with six later-filed cases in this District: Snook v. SVB Financial Group (3:23-cv-01173), Siddiqui v. Becker (3:23-cv- 01228), Hialeh Employees v. Becker (3:23-cv-01697), International Union of Operating Engineers v. SVB (3:23-cv-01962), Stevenson v. Becker (4:23-cv-02277), and Rossi v. Becker (3:23-cv-02335). See Dkt. Nos. 31, 35, 38, and 44. The motions are unopposed. Federal Rule of Civil Procedure 42(a) permits consolidation of “actions involving a common question of law or fact.” Fed. R. Civ. P. 42(a). “Consolidation is within the broad …