Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_06-cv-06742/USCOURTS-cand-3_06-cv-06742-1/pdf.json

Nature of Suit Code: 890
Nature of Suit: Other Statutory Actions
Cause of Action: 28:1361 Petition for Writ of Mandamus

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UNITED 

STATES 

DISTRICT 

COURT

For the Northern District of California

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UNITED 

STATES 

DISTRICT 

COURT

U

For the Northern District of California

NITED 

STATES 

DISTRICT 

COURT

U

For the Northern District of California

NITED 

STATES 

DISTRICT 

COURT

For the Northern District of California

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

KIMBERLY QUACO, Derivatively on Behalf of

POWER INTEGRATIONS, INC.,

Plaintiff,

v.

BALU BALAKRISHNAN, et al.,

Defendants,

and

POWER INTEGRATIONS, INC.,

Nominal Defendant. 

KATHRYN L. CHAMPLIN, Derivatively on Behalf

of POWER INTEGRATIONS, INC.,

Plaintiff,

v.

BALU BALAKRISHNAN, et al.,

Defendants,

and

POWER INTEGRATIONS, INC.,

Nominal Defendant.

 

No. C 06-2811 MHP

No. C 06-4672 JF

Case 3:06-cv-06742-JSW Document 8 Filed 01/09/07 Page 1 of 3
UNITED 

STATES 

DISTRICT 

COURT

For the Northern District of California

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CHRISTOPHER DEBOSKEY, Derivatively on Behalf

of POWER INTEGRATIONS, INC.,

Plaintiff,

v.

BALU BALAKRISHNAN, et al.,

Defendants,

and

POWER INTEGRATIONS, INC.,

Nominal Defendant. /

No. C 06-5796 HRL

MEMORANDUM & ORDER

Motions to Consolidate and Appoint

Lead Plaintiff, Lead Counsel and

Liaison Counsel

Three shareholder derivative suits have been filed by shareholders of Power Integrations, Inc.

(“Power Integrations”) against various directors and officers of Power Integrations. The first suit

was filed by plaintiff Kimberly Quaco, the second by plaintiff Kathryn Champlin, and the third by

plaintiff Christopher Deboskey. The three suits have been previously coordinated before this court. 

All three plaintiffs have moved to consolidate the three cases and appoint lead plaintiff and lead

counsel. On November 6, 2006, a hearing was held on the motions to consolidate and appoint lead

plaintiff and lead counsel. At that hearing, counsel for the three plaintiffs were ordered to submit a

declaration of each named plaintiff within fifteen days of the hearing, as the court had inadequate

information to determine which plaintiff was most suitable to be appointed lead plaintiff. These

declarations were due on November 21, 2006. In accordance with the court’s ruling at the

December 18, 2006 case management conference, it rules as follows.

As no declaration has been timely filed by plaintiff Deboskey, the court is left knowing next

to nothing about his suitability as a plaintiff. As of November 21, 2006 no declaration was received

from plaintiff Deboskey. No declaration was received from plaintiff Champlin, and on November

30, 2006, she withdrew her motion to be appointed lead plaintiff. A signed declaration was timely

received from plaintiff Quaco, describing her relationship with her counsel, her holdings of Power

Integrations stock, and her interest in this lawsuit.

Case 3:06-cv-06742-JSW Document 8 Filed 01/09/07 Page 2 of 3
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COURT

For the Northern District of California

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In her declaration plaintiff Quaco admits to owning “a modest amount of Power stock”: two

shares. Quaco Dec. ¶ 4. This limited interest is insufficient for appointment of a lead plaintiff. 

However, Quaco has submitted an additional declaration of another shareholder, Geoffrey Wren,

who currently owns 1,642 Power shares and has held an ownership interest in Power since 1998. 

Wren Dec. ¶ 4. Based on his declaration, Wren appears to be a suitable lead plaintiff. 

Accordingly, the court grants Quaco leave to substitute Wren as a plaintiff and simultaneously

grants Quaco’s motion for appointment of Wren as lead plaintiff. The court also appoints Schiffren

and Barroway, who represent both Quaco and Wren, as lead counsel. 

Plaintiff Quaco’s motion to consolidate the three cases is GRANTED. The court GRANTS

plaintiff Quaco leave to add Wren as lead plaintiff, and accordingly, and plaintiff Quaco’s motion to

appoint lead plaintiff and lead counsel is GRANTED IN PART. Plaintiff Deboskey’s motion to

consolidate is GRANTED and plaintiff Deboskey’s motion to appoint lead plaintiff and lead counsel

is DENIED. 

IT IS SO ORDERED.

Date: 

MARILYN HALL PATEL

District Judge

United States District Court

Northern District of California

Case 3:06-cv-06742-JSW Document 8 Filed 01/09/07 Page 3 of 3