Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_16-cv-02627/USCOURTS-cand-3_16-cv-02627-3/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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United States District Court

For the Northern District of California

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IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

STEEVE EVELLARD, Individually and on

Behalf of All Others Similarly Situated,

Plaintiffs,

 v.

LENDINGCLUB CORPORATION,

RENAUD LAPLANCHE, and CARRIE L.

DOLAN,

Defendants. /

No. C 16-02627 WHA

ORDER (1) SCHEDULING

HEARING ON MOTIONS TO

APPOINT LEAD PLAINTIFF, (2)

REQUESTING INFORMATION

FROM LEAD PLAINTIFF

CANDIDATES, (3) SETTING

BRIEFING SCHEDULE

All motions to appoint lead plaintiff shall be heard on AUGUST 15, 2016, AT 10:00 A.M.

in Courtroom 8, 19th Floor, 450 Golden Gate Avenue, San Francisco, California. As opposed

to “group” candidates, the Court wishes to evaluate the qualifications of single investors, either

institutional investors or individuals, to serve as lead plaintiff. See In re Network Assocs., Inc.,

Sec. Litig., 76 F. Supp. 2d 1017, 1019–27 (N.D. Cal. 1999). The Court is particularly interested

in considering single investors with large losses and in evaluating their experience in managing

litigation. Any “group” of movants must narrow its candidates to one or two single investors

and file answers to the appended questionnaire by AUGUST 1, 2016, including the certification

called for therein. Each candidate must attend the hearing on AUGUST 15, 2016, and be

prepared to answer questions. 

All motions to appoint lead plaintiff must be timely filed under 15 U.S.C. 78u-4(a)(3)

and must be supplemented by the appended questionnaire and certification. All opposition

Case 3:16-cv-02627-WHA Document 16 Filed 06/15/16 Page 1 of 2
United States District Court

For the Northern District of California

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briefs shall be filed and served by JULY 29, 2016. Any reply briefs shall be filed and served by

AUGUST 5, 2016, and shall not exceed ten pages. Each party shall submit only one opposition

brief, responding to all other pending motions, and only one reply brief. All questionnaires and

other submissions shall be served on all counsel named on the Court’s certificate of service.

Applications for class counsel shall be deferred until after the lead plaintiff has been

appointed.

IT IS SO ORDERED.

Dated: June 14, 2016. 

WILLIAM ALSUP

UNITED STATES DISTRICT JUDGE

Case 3:16-cv-02627-WHA Document 16 Filed 06/15/16 Page 2 of 2