Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_15-cv-05992/USCOURTS-cand-5_15-cv-05992-1/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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PROPOSED ORDER

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UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

 

KANG LI, Individually and on Behalf of All 

Others Similarly Situated,

Plaintiff, 

v. 

KALOBIOS PHARMACEUTICALS, INC., 

MARTIN SHKRELI, and HERB C. CROSS, 

Defendants. 

No. 15-cv-05841-EJD 

[PROPOSED] ORDER CONSOLIDATING 

RELATED ACTIONS, APPOINTING LEAD 

PLAINTIFF, AND APPROVING SELECTION 

OF COUNSEL 

DATE: August 4, 2016 

TIME: 9:00 am 

JUDGE: Hon. Edward J. Davila 

CTRM: 4 – 5th Floor

MATTHEW SCIABACUCCHI, Individually 

and on Behalf of All Others Similarly Situated, 

Plaintiff, 

v. 

KALOBIOS PHARMACEUTICALS, INC. 

and MARTIN SHKRELI,

Defendants. 

No. 15-cv-05992-CRB 

AUSTIN ISENSEE, Individually and on Behalf 

of All Others Similarly Situated, 

Plaintiff, 

v. 

KALOBIOS PHARMACEUTICALS, INC., 

MARTIN SHKRELI, and CHRIS THORN, 

Defendants. 

No. 15-cv-06331-WHO 

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WHEREAS, the Court has considered the competing motions for Appointment of Lead Plaintiff 

and Approval of Lead Counsel, 

 IT IS HEREBY ORDERED THAT: 

I. CONSOLIDATION OF RELATED ACTIONS 

1. Pursuant to Federal Rule of Civil Procedure 42, the above-captioned actions are hereby 

consolidated for all purposes into one action. 

2. These actions shall be referred to herein as the “Consolidated Action.” This Order shall 

apply to the Consolidated Action and to each case that is subsequently filed in this Court that relates to the 

same subject matter as in the Consolidated Action. 

3. Every pleading in this Consolidated Action shall bear the following Caption: 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

IN RE KALOBIOS 

PHARMACEUTICALS, INC. 

SECURITIES LITIGATION 

THIS DOCUMENT RELATES TO:

No. ______ 

CLASS ACTION

[TITLE OF DOCUMENT]

4. When the document being filed pertains to all actions, the phrase “All Actions” shall appear 

immediately after the phrase “This Document Relates To:”. When the document applies to some, but not 

all, of the actions, the document shall list, immediately after the phrase “This Document Relates To:”, the 

docket number for each individual action to which the document applies, along with the name of the firstlisted plaintiff in said action. 

5. This Court requests assistance of counsel in calling to the attention of the Clerk of this Court 

the filing or transfer of any case which might not properly be consolidated as part of this Consolidated 

Action. 

II. MASTER DOCKET AND MASTER FILE 

6. A Master Docket and Master File shall be established for the Consolidated Action. The 

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Master File shall be No. 15-cv-05841-EJD. 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, motion or document is filed with a caption indicating that it is 

applicable to fewer than all individual actions in the Consolidated Action, the clerk shall file such pleadings 

in the Master File and note such filing in the Master Docket and in the docket of each action referenced. 

III. APPOINTMENT OF LEAD PLAINTIFF AND LEAD COUNSEL

1. Having reviewed all pending Motions and accompanying Memoranda of Law, the Court

hereby appoints Kaniz Fatema, Zeke Ingram, Bhaskar R. Gudlavenkatasiva, and Abuhena M. Saifulislam 

(the “KaloBios Investor Group”) as Lead Plaintiff. The KaloBios Investor Group satisfies the 

requirements for Lead Plaintiff pursuant to Section 21D(a)(3)(B)(iii) of the PSLRA. 

2. Lead Plaintiff, pursuant to Section 21D(a)(3)(B)(v) of the PSLRA, has selected and 

retained the law firm of Pomerantz LLP as Lead Counsel in this consolidated action, and the Court hereby 

approves this selection. 

3. Plaintiff’s Lead Counsel shall have the following responsibilities and duties, to be carried 

out either personally or through counsel whom Lead Counsel shall designate: 

 (a) to coordinate the briefing and argument of motions; 

 (b) to coordinate the conduct of discovery proceedings; 

 (c) to coordinate the examination of witnesses in depositions; 

 (d) to coordinate the selection of counsel to act as a spokesperson at pretrial 

conferences; 

 (e) to call meetings of the plaintiff’s counsel as they deem necessary and appropriate 

from time to time; 

 (f) to coordinate all settlements negotiations with counsel for defendants; 

 (g) to coordinate and direct the pretrial discovery proceedings and the preparation for 

trial and the trial of this matter and to delegate work responsibilities to selected 

counsel as may be required; and 

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 (h) to supervise any other matters concerning the prosecution, resolution or settlement 

of the Consolidated Action. 

4. No motion, request for discovery, or other pretrial proceedings shall be initiated or filed 

by any plaintiff without the approval of Lead Counsel, so as to prevent duplicative pleadings or discovery 

by plaintiffs. No settlement negotiations shall be conducted without the approval of Lead Counsel. 

5. Counsel in any related action that is consolidated with this action shall be bound by this 

organization of plaintiffs’ counsel.

6. Lead Counsel shall have the responsibility of receiving and disseminating Court orders 

and notices. 

7. Lead Counsel shall be the contact between plaintiffs’ counsel and defendants’ counsel, as 

well as the spokesperson for plaintiffs’ counsel, and shall direct and coordinate the activities of plaintiffs’ 

counsel. 

8. Defendants shall effect service of papers on plaintiffs by serving a copy of same on Lead 

Counsel by overnight mail service, electronic or hand delivery. Plaintiffs shall effect service of papers 

on defendants by serving a copy of same on defendants’ counsel by overnight mail service, electronic or 

hand delivery. 

9. During the pendency of this litigation, or until further order of this Court, the parties shall 

take reasonable steps to preserve all documents within their possession, custody, or control, including 

computer-generated and stored information, and materials such as computerized data and electronic mail, 

containing information which is relevant or which may lead to the discovery of information relevant to 

the subject matter of the pending litigation. 

SO ORDERED. 

Dated: _________________, 2016 

_________________________________ 

 Honorable Edward J. Davila 

 United States District Judge 

 Northern District of California 

The Clerk shall administratively close

Case Nos. 5:15-cv-05992-EJD and

5:15-cv-06331-EJD.

April 28

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