Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_17-cv-06956/USCOURTS-cand-3_17-cv-06956-0/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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United States District Court

For the Northern District of California

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

RONALD SGARLATA,

Plaintiff,

v.

PAYPAL HOLDINGS, INC., et al.,

Defendants.

Case No. 17-cv-06956-EMC 

ORDER FOR SUPPLEMENTAL 

BRIEFING RE: MOVANT BELL'S 

APPLICATION

Docket No. 14

Movant Bell appears to have purchased securities in PayPal on November 28, 2017 and 

December 1, 2017, after PayPal allegedly suspended its TIO services on November 10, 2017 and 

disclosed the breach of personally identifiable information on December 1, 2017. See Compl. 

¶¶ 5, 6; Pafiti Decl., Ex. C. Moreover, the securities are in the form of option contracts rather than 

stock. Movant Bell is directed to file a supplemental brief not to exceed 5 pages by Friday, March 

2, 2018 discussing what effect, if any, the timing and nature of his security interest has on 

typicality and adequacy, including with respect to reliance.

IT IS SO ORDERED.

Dated: February 27, 2018

______________________________________

EDWARD M. CHEN

United States District Judge

Case 3:17-cv-06956-EMC Document 22 Filed 02/27/18 Page 1 of 1