Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_17-cv-06956/USCOURTS-cand-3_17-cv-06956-1/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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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 RE: MARCH 15, 2018 

HEARING

Docket No. 14

Counsel for all interested parties should be prepared to discuss at the March 15, 2018 

hearing how the case should proceed in light of the fact that the sole movant seeking appointment 

as lead plaintiff, Edwin K. Bell, does not appear to be a member of the proposed class because he 

only claims to have purchased options for shares. See Compl. ¶ 43 (“Plaintiff brings this action as 

a class action . . . on behalf of a Class, consisting of all those who purchased or otherwise acquired 

PayPal common shares . . . ”); Pafiti Decl., Docket No. 15, Ex. 1 (notice to investors that case was 

filed “on behalf of a class consisting of investors who purchased or otherwise acquired common 

shares of PayPal . . .”). The only other movant, Michael Eckert, has withdrawn his application. 

See Docket Nos. 10, 18. 

IT IS SO ORDERED.

Dated: March 8, 2018

______________________________________

EDWARD M. CHEN

United States District Judge

Case 3:17-cv-06956-EMC Document 26 Filed 03/08/18 Page 1 of 1