Wasa Medical Holdings v. Sorrento Therapeutics, Inc.

Good Law
United States District Court, Southern District of CaliforniaFebruary 12, 20213:20-cv-00966California4,695 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 WASA MEDICAL HOLDINGS, Case No.: Case No. 20-cv-0966-AJB-DEB individually and on behalf of all 12 others similarly situated, ORDER: Plaintiffs, (1) GRANTING CONSOLIDATION; v. (2) APPOINTING LEAD PLAINTIFF; SORRENTO THERAPEUTICS, AND INC., HENRY JI, and MARK R. (3) APPOINTING LEAD COUNSEL

BRUNSWICK,

Defendants. (Doc. Nos. 4–5, 7–10)

18 Presently before the Court are six motions to consolidate, appoint Lead Plaintiff, and appoint Lead Counsel from movants Dr. Dean Roller, the SRNE Investor Group, Mike Nguyen, Andrew Zenoff, Thomas Hammond, and Jing Li. (Doc. Nos. 4–5, 7–10.) Movants Dr. Roller, Nguyen, and Hammond do not oppose the motions, recognizing they do not have the largest financial interest in this litigation. (Doc. Nos. 13–14, 17.) Competing movants the SRNE Investor Group, Zenoff, and Li, however, filed oppositions to the motions. (Doc. Nos. 19, 21, 24.) As fully set forth below, the Court GRANTS…

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