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Zhang v. Valaris PLC

United States District Court, S.D. New York

December 23, 2019

XIAOYUAN ZHANG, Individually and On Behalf of All Others Similarly Situated, Plaintiff,
v.
VALARIS PLC, THOMAS P. BURKE, and JONATHAN H. BAKSHT, Defendants

          [PROPOSED] ORDER GRANTING THE MOTION OF CHARLES MOOSA FOR 'APPOINTMENT AS LEAD PLAINTIFF AND APPROVAL OF SELECTION OF COUNSEL

          THE HONORABLE NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE

         WHEREAS, in accordance with the provisions of Section 21D (a)(3)(A)(i) of the Exchange Act, on August 20, 2019, notice of the Lead Plaintiff deadline was published in Globe Newswire, a widely circulated national business-oriented wire service, advising Class members of the pendency of the class action, the claims asserted therein, the purported Class Period, and their right to move this Court to be appointed Lead Plaintiff; and

         WHEREAS, pursuant to Section 21D of the Exchange Act, any purported Class member desiring to be appointed Lead Plaintiff was required to have filed a motion for such appointment on or before October 21, 2019; and

         WHEREAS, Charles Moosa ("Movant") filed a timely motion to be appointed Lead Plaintiff; and

         WHEREAS, Movant has the largest financial interest in the relief sought by the Class and otherwise satisfies the requirements of Section 21D of the Exchange Act and Rule 23 of the Federal Rules of Civil Procedure; and

         WHEREAS, in accordance with Section 21D (a)(3)(B)(v) of the Exchange Act, 15 U.S.C. § 78u-4(a)(3)(B)(v), Movant seeks approval of his selection of counsel to serve as Lead Counsel for the Class.

         AND NOW THIS 23rd day of December, 2019 the Court having considered Movant's Motion for Appointment as Lead Plaintiff and Approval of his Selection of Counsel as Lead Counsel, and all supporting documents, and good cause appearing therefore, it is hereby ORDERED as follows:

         MASTER DOCKET AND MASTER FILE

         1. A Master Docket and Master file shall be established for the Action. The Master File shall be No. 1:19-cv-07816-NRB. All orders, pleadings, motions and other documents shall, when filed and docketed in the Master File, be deemed filed and docketed in each individual case to the extent applicable. When an order, pleading, or other document is filed with a caption indicating that it is applicable to fewer than this Action, the clerk shall file such pleadings in the Master File and note the filing in the Master Docket and in the docket of each action.

         NEWLY FILED OR TRANSFERRED ACTIONS

         2. When a case that arises out of the subject matter of this action is hereinafter filed in this Court or transferred to this Court from another Court, the clerk of this Court shall:

a. File a copy of this Order in the separate file for such action;
b. Mail a copy of this Order to the attorneys for the plaintiff(s) in the newly filed or transferred case and to any new defendant(s) in the newly ...

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