Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_08-cv-01830/USCOURTS-cand-3_08-cv-01830-3/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

ARNOLD KREEK, individually and on behalf

of all others similarly situated,

Plaintiffs,

 v.

WELLS FARGO & COMPANY, WELLS

FARGO FUNDS MANAGEMENT, LLC,

WELLS FARGO FUNDS TRUST, WELLS

FARGO DISTRIBUTORS, STEPHENS, INC.,

WELLS FARBO BANK, N.A.,

Defendants. /

No. C 08-01830 WHA

REQUEST FOR INFORMATION

FROM LEAD PLAINTIFF

CANDIDATES

The motions to appoint lead plaintiff are currently set for Thursday, July 31, 2008. 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) (Alsup, J.). 

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

THURSDAY, JULY 17, 2008, including the certification called for therein. 

Each candidate must attend the hearing on July 31, 2008, and be prepared to answer

questions. They should also be prepared to critique the methodology used by competing

candidates. The Court would also appreciate defense counsel to attend the hearing on lead

Case 3:08-cv-01830-RS Document 28 Filed 06/30/08 Page 1 of 2
United States District Court

For the Northern District of California

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plaintiff selection. Defense counsel should be prepared to address the accuracy of the

methodology used by candidates to assess their damage claims. 

All questionnaires and other submissions shall be served both by facsimile and by mail

on all counsel named on the Court’s appended service list. Counsel are responsible for

contacting each other and obtaining the correct facsimile number. Applications for class

counsel shall be deferred until after the lead plaintiff has been appointed.

IT IS SO ORDERED.

Dated: June 30, 2008. 

WILLIAM ALSUP

UNITED STATES DISTRICT JUDGE

Case 3:08-cv-01830-RS Document 28 Filed 06/30/08 Page 2 of 2