richard m. heimann (state bar no. 063607) -...
TRANSCRIPT
Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page1 of 40
Richard M. Heimann (State Bar No. 063607)
[email protected] 2 Joy A. Kruse (State Bar No. 142799)
[email protected] Sharon M. Lee [email protected]
4 LIEFF, CABRASER, HEIMANN & BERNSTEIN, LLP
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275 Battery Street, 29th Floor San Francisco, CA 94111-3339
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Telephone: (415) 956-1000 Facsimile: (415) 956-1008
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Marc I. Gross [email protected] Jeremy A. Lieberman [email protected] POMERANTZ GROSSMAN HUFFORD DAHLSTROM & GROSS LLP 600 Third Avenue, 20th Floor New York, New York 10016 Telephone: (212) 661-1100 Facsimile: (212) 661-8665
Patrick V. Dahlstrom [email protected] POMERANTZ GROSSMAN HUFFORD DAHLSTROM & GROSS LLP Ten South La Salle Street, Suite 3505 Chicago, Illinois 60603 Telephone: (312) 377-1181 Facsimile: (312) 377-1184
Counsel for Movant and Proposed Co-Lead Counsel for the Class
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UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
MICHAEL SPATZ, and SANJAY ISRANI, Individually and on Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, and WELLS FARGO SECURITIES, LLC,
Defendants.
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Civil No. 3:12-cv-02662-MMC
MEMORANDUM OF POINTS AND AUTHORITIES IN FURTHER SUPPORT OF THE MOTION OF WILLIAM H. ANHOOD AND JOSE AND MARY GALVAN FOR CONSOLIDATION, APPOINTMENT AS LEAD PLAINTIFF, AND APPROVAL OF CO-LEAD COUNSEL
1051174.3 MPA IN FURTHER SUPPORT OF MOTION FOR CONSOLIDATION, Civil No. 3:12-CV-02662-MMC
Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page2 of 40
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JEFF OFFNER, Individually and on Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and BARCLAYS CAPITAL INC.,
Defendants.
JAMES CHANG and SAMEER ANSARI, Individually and on Behalf of All Others Similarly Situated,
Plaintiffs,
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Civil No. 3:12-cv-2666-MMC
Civil No. 3:12-cv-2680-MMC
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FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and BARCLAYS CAPITAL INC.,
Defendants.
JOHN GREGORY, Individually and on Behalf of All Others Similarly Situated,
23 Plaintiff, Civil No. 3:12-cv-2815-MMC
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v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC,
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GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and BARCLAYS CAPITAL INC.,
Defendants.
HARVEY LAPIN, Individually And On Behalf of All Others Similarly Situated,
Plaintiff,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
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Civil No. 3:12-cv-3195-MMC
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26 VERNON R. DEMOIS, JR, Individually And On 27 Behalf of All Others Similarly Situated,
Plaintiff, Civil No. 3:12-cv-3196-MMC
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v.
2 FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC,
Defendants.
DARRYL LAZAR, Individually And On Behalf of All Others Similarly Situated,
Plaintiff,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
Defendants.
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Civil No. 3:12-cv-3199-MMC
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EDWARD J. SHIERRY, Individually And On 2 Behalf of All Others Similarly Situated,
Plaintiff, Civil No. 3:12-cv-3200-MMC
4 v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
Defendants.
KAREN CUKER and BRIAN GRALNICK, Individually And On Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYE
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Civil No. 3:12-cv-3201-MMC
MPA IN FURTHER SUPPORT OF MOTION FOR CONSOLIDATION, Civil No. 3:12-CV-02662-MMC 1051174.3
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DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
Defendants.
MICHAEL LIEBER, Individually And On Behalf of All Others Similarly Situated,
Plaintiff,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO
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Civil No. 3:12-cv-3202-MMC
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CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL
2 MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL
4 MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL
5 & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC.,
6 OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO.,
7 RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC.,
8 STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and
9 WILLIAM BLAIR & COMPANY, L.L.C.,
10 Defendants.
11 JENNIFER STOKES, Individually And On Behalf
12 of All Others Similarly Situated,
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Plaintiff, Civil No. 3:12-cv-3203-MMC
14 v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST
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SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
Defendants.
THOMAS J. AHRENDTSEN and AARON M. LEVINE, Individually And On Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and BARCLAYS CAPITAL INC.,
Defendants.
KEVIN HICKS, LINH LIUU and 135 additional Plaintiffs, Individually And On Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MORGAN STANLEY & CO. LLC.,
Defendants.
Civil No. 3:12-cv-3212-MMC
Civil No. 3:12-cv-3353-MMC
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THOMAS E. NELSON, Individually And On Behalf of All Others Similarly Situated,
Plaintiff,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, and WELLS FARGO SECURITIES, LLC,
Defendants.
Civil No. 3:12-cv-3418-MMC
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TABLE OF CONTENTS
Page
I. INTRODUCTION.................................................................................................. 1
II. ARGUMENT.......................................................................................................... 3
A. ANHOOD AND GALVAN SHOULD BE APPOINTED LEAD PLAINTIFFS FOR THE RETAIL INVESTORS CLASS ......................... 3
1. Appointment of Separate Lead Plaintiffs For Retail Investors is Necessary to Protect the Interests of Non- Institutional Investors ...................................................................... 3
2. Anhood and Galvan Have the Largest Financial Interest of Any of the Retail Investor Movants ................................................ 6
3. Anhood and Galvan Otherwise Satisfy the Requirements of Typicality and Adequacy .............................................................. 10
III. CONCLUSION..................................................................................................... 11
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1 TABLE OF AUTHORITIES
Page
Cases Baffa v. Donaldson ,
222 F.3d 52 (2d Cir. 2000) ........................................................................................................... 5
Baydale v. Am. Express Co., No. 09 Civ. 3016, 2009 U.S. Dist. LEXIS 71668 (S.D.N.Y. Aug. 14, 2009) .............................. 6
Davidson v. E*Trade Financial Corporation, No. 07-cv-10400, 2008 U.S. Dist. LEXIS 61265 (S.D.N.Y. July 16, 2008) ........................ 2, 3, 4
Hanon v. Data Products Corp., 976 F.2d 497 (9th Cir. 1992) ........................................................................................................ 5
In re BP, PLC Sec. Litig. , 758 F. Supp. 2d 428 (S.D. Tex. 2010) .......................................................................................... 3
In re Cable & Wireless, PLC Sec. Litig. , 217 F.R.D. 372 (E.D. Va. 2003) ............................................................................................... 3, 6
In re Enron Corp. Sec. Litig ., 206 F.R.D. 427 (S.D. Tex. 2002) .................................................................................................. 5
In re Network Assocs. Sec. Litig., 76 F. Supp. 2d 1017 (N.D. Cal. 1999) .......................................................................................... 5
Janbay v. Canadian Solar, Inc., 272 F.R.D. 113 (S.D.N.Y. 2010) .................................................................................................. 4
Koos v. First Nat'l Bank , 496 F.2d 1162 (7th Cir. 1974) ...................................................................................................... 6
Makasky v IAC/Interactive , No. 04-cv-7447, 2004 U.S. Dist. LEXIS (S.D.N.Y. Dec. 20, 2004) ............................................ 6
Statutes 15 U.S.C. § 77k(a) ........................................................................................................................... 2
15 U.S.C. § 77k(e) ........................................................................................................................... 8
15 U.S.C. § 77z-1 ............................................................................................................................. 1
15 U.S.C. § 77z-1(a)(3)(B)(i) ........................................................................................................... 6
15 U.S.C. § 77z-1(a)(3)(B)(iii). ....................................................................................................... 7
Rules Fed. R. Civ. P. 23 ........................................................................................................................... 10
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I. INTRODUCTION
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William H. Anhood (“Anhood”) and Jose and Mary Galvan (“Galvan”) respectfully
submit this memorandum in further support of their motion for consolidation, appointment as
4 Lead Plaintiffs and approval of their selection of Co-Lead Counsel, pursuant to the Private
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Securities Litigation Reform Act of 1995 (the “PSLRA”), 15 U.S.C. § 77z-1. 1
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Although the self-described “Institutional Investor Group” (North Carolina Department of
7 State Treasurer on behalf of the North Carolina Retirement Systems, Banyan Capital Master Fund
8 Ltd., Arkansas Teacher Retirement System, and Fresno County Employees’ Retirement
9 Association) reported the largest aggregate losses among all movants, the unique facts of this case
10 necessitate that a separate Retail Investors Class that purchased Facebook shares pursuant to its
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May 2012 Initial Public Offering (the “IPO”) be created to ensure that their interests are
12 adequately protected.
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It has been well documented in news stories following Facebook’s unsuccessful debut that
14 Defendant underwriters, which act as investment managers to thousands of institutional investors,
15 advised their clients of their lowered quarterly and annual forecasts for Facebook prior to their
16 purchases in the IPO. The lowered forecasts were not disclosed to retail investors prior to their
17 purchase in the IPO. The failure to disclose the underwriters’ lowered forecasts constitutes the
18 core allegation of the Complaints. 2
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Indeed, retail investors, which constituted 25% of the IPO, were left in the dark regarding
20 these lowered forecasts. As reported in one Reuters article, a “Morgan Stanley Smith Barney
21 adviser . . . cited the fact that institutional investors received information that retail investors did
22 1 Anhood and Galvan have also filed a memorandum in further support of their motion for 23
consolidation, appointment as lead plaintiff and approval of co-lead counsel in the actions filed in the Southern District of New York where there are seven competing motions pending. The first-
24 filed action in that District is Brian Roffe Profit Sharing Plan v. Facebook, Inc. , No. 12 Civ. 4081 (S.D.N.Y.) (the “Brian Roffe Profit Sharing Plan action”). This memorandum addresses the
25 motions filed in this District and in the Southern District of New York. 2 See Notice Of Motion And Motion Of William H. Anhood And Jose And Mary Galvan For
26 Consolidation, Appointment As Lead Plaintiff, And Approval Of Co-Lead Counsel; Memorandum Of Points And Authorities In Support Thereof (DKT No. 64), at 3-4. See also
27 Spatz v. Facebook, Inc. , No. 3:12-cv-02662-MMC (N.D. Cal.), Class Action Complaint, ¶¶ 57, 58; Brian Roffe Profit Sharing Plan action, Complaint For Violation of the Federal Securities
28 Laws, ¶ 24; Lightman v. Facebook, Inc., 12 Civ. 4184 (S.D.N.Y.), Class Action Complaint, ¶¶ 3; 67.
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not.”3
Given that institutional investors knew of Facebook’s lowered forecasts prior to the IPO,
there is a significant risk that the Retail Investors Class’s claims may be compromised by
individual issues as to what the members of the Institutional Investor Group – or any other
institutional investor – knew about Facebook’s lowered guidance prior to the IPO. Indeed,
institutional investors’ knowledge of these facts prior to the IPO will become the focus of the
litigation for institutional investors during class certification and merits discovery because the
institutional investors’ knowledge of the lowered guidance is a complete defense under the
Securities Act. See 15 U.S.C. § 77k(a) (providing “complete defense” if “it is proved that at the
time of such acquisition [the claimant] knew of such [alleged] untruth or omission.” Moreover,
individual issues regarding the particularized knowledge of each institutional investor will make
it difficult to certify a class of institutional investors, whereas certifying a class of retail investors
who do not suffer from any such infirmity will not require the time and resources diverted by the
institutional investors’ unique defense.
Quite simply, institutional investors’ claims are not typical of retail investors’ claims, nor
are they adequate to represent the interests of retail investors in this action. As such, Anhood and
Galvan respectfully request that a Retail Investors Class be recognized as a separate Class in the
consolidated action, and that they be appointed Lead Plaintiffs to prosecute their claims of the
Retail Investors Class. See Davidson v. E*Trade Financial Corporation, No. 07-cv-10400, 2008
U.S. Dist. LEXIS 61265, at *21-22 (S.D.N.Y. July 16, 2008) (appointing an individual as co-lead
plaintiff with a group of investment companies because of potential conflicts between the group
and other putative class members).
Accordingly, because Anhood and Galvan (i) have the largest financial interest of any of
the retail investor movants, and (ii) otherwise satisfy the requirements of typicality and adequacy
with respect to the Retail Investors Class, Anhood and Galvan should be appointed as Lead
Plaintiffs for the Retail Investors Class.
3 See Ronald D. Oral, Facebook IPO Prompts Capitol Hill Inquiry, Marketwatch.com (June 20, 2012), available at http://articles.marketwatch.com/2012-06-20/economy/32328563_1_facebook-ipo-ipo-boutique-ordinary-investors.
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ARGUMENT
A. ANHOOD AND GALVAN SHOULD BE APPOINTED LEAD PLAINTIFFS FOR THE RETAIL INVESTORS CLASS
1. Appointment of Separate Lead Plaintiffs For Retail Investors is Necessary to Protect the Interests of Non-Institutional Investors
The appointment of Lead Plaintiffs for retail investors will ensure that their interests are
adequately protected in light of the unique factual circumstances in this case. It is not uncommon
for courts to appoint a lead plaintiff for a separate class when there are questions as to “whether
the plaintiffs share legal theories and whether potential conflicts exist between a potential lead
plaintiff and absent class members.” See, e.g., In re BP, PLC Sec. Litig. , 758 F. Supp. 2d 428,
438 (S.D. Tex. 2010) (exercising the Court’s discretion in appointing a separate class “‘to ensure
that all class members will adequately be represented in the prosecution of this action’”) (quoting
In re Cable & Wireless, PLC Sec. Litig. , 217 F.R.D. 372, 376 (E.D. Va. 2003)). Indeed, it is
“particularly important at this early stage of the case to avoid prejudicing the claims of absent
class members through the appointment of a lead plaintiff who cannot fully and fairly represent
them.” BP, PLC Sec. Litig. , 758 F. Supp. 2d at 438. Moreover, the appointment of a lead
plaintiff for a separate class “does not conflict with the PSLRA’s primary goal of shifting control
of securities class actions from lawyers to investors” when “distinct theories of the case create a
significant risk of conflict and prejudice to class members if they are not separated.” Id. at 441.
Similarly, on the same rationale, numerous courts “have used their discretion to make an
institutional investor colead plaintiff with an individual in order to provide the added benefits of
institutional investors.” Id. at 441. For example, this Court appointed co-lead plaintiffs for those
very reasons in E*Trade, 2008 U.S. Dist. LEXIS 61265, at *21-22. The Court found that,
although no other movant had demonstrated that the interests of the presumptive lead plaintiff, the
KSG investment companies group, were not aligned with other putative class members, “ on the
possibility that conflicts do ultimately arise , the interests of the class can be protected by the
appointment of a co-lead plaintiff.” Id. at *21 (emphasis added). The Court proceeded to
appoint as co-lead plaintiff an individual investor who reported the largest financial interest of
any individual stock purchaser movant and who had standing to pursue claims on behalf of
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various subclasses in the litigation. Id.
For the same reasons, this Court also appointed separate movants as co-lead plaintiffs in
Janbay v. Canadian Solar, Inc., 272 F.R.D. 113, 120-21 (S.D.N.Y. 2010). The Court noted that
although other movants had failed to establish that the CSIQ Investor Group, a group of seven
investors presumed to be the most adequate plaintiff under the PSLRA, was inadequate, the
appointment of a co-lead plaintiff was appropriate to protect the class should conflicts affecting
the CSIQ Investor Group ultimately arise. Id. at 121. The Court then appointed as co-lead
plaintiff an individual investor reporting the largest loss of all individual investor movants and
who had standing to pursue claims on behalf of the putative class as co-lead plaintiff. Id.
Here, all of the complaints filed in the related actions allege that prior to the IPO,
Facebook told the underwriter defendants to significantly lower their 2012 revenue forecasts for
Facebook, which the underwriters did during the IPO roadshow and conveyed the reduced
forecasts to institutional investor clients only . Numerous media outlets have reported that retail
investors in Facebook’s IPO were not privy to the same material information that institutional
investors were prior to the IPO:
• Marketwatch.com reported that,
some analysts affiliated with Facebook’s IPO underwriters, including Morgan Stanley, subsequently trimmed their revenue estimates for Facebook and said so privately to their institutional clients – leaving retail investors without the latest information about the company shortly before the IPO. 4
• Reuters also reported that,
one Morgan Stanley Smith Barney adviser also cited the fact that institutional investors received information that retail investors did not. 5
• Barron’s reported that,
many of [Morgan Stanley’s] retail customers – who got an estimated 25% of the firm’s allocation – are sitting with losses on their Facebook shares
4 Ronald D. Oral, Facebook IPO Prompts Capitol Hill Inquiry, Marketwatch.com (June 20, 2012), available at http://articles.marketwatch.com/2012-06-20/economy/32328563_1_facebook-ipo-ipo-boutique-ordinary-investors 5 Suzanne Barlyn and Ryan Vlastelica, SEC, FINRA to Review Facebook Issues, Nasdaq Sued , Reuters (May 22, 2012).
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and steaming that some institutional investors were warned of problems with the deal while they were told nothing. 6
The reports regarding the underwriter defendants’ disclosure of Facebook’s lowered
forecasts is particularly troublesome here, where the underwriters include the likes of Goldman
Sachs, Inc., Morgan Stanley Smith Barney and Merrill Lynch—which advise a broad swath of
institutional investors throughout the country. As such, in the absence of evidence to the
contrary, there is a significant risk that an institutional investor was forewarned regarding
Facebook’s lowered forecasts prior to the IPO, possibly triggering a complete defense under
Section 11(a).
These and other reports concerning institutional investors’ access to non-public
information about Facebook, prior to the IPO, evidence that the Institutional Investor Group may
be subject to unique defenses that will become the focus of the litigation for institutional
investors. Courts have rejected applicants for lead plaintiff, or class representative, on similar
concerns. See In re Network Assocs. Sec. Litig., 76 F. Supp. 2d 1017, 1029-30 (N.D. Cal. 1999)
(“Non-public information, however, is not reflected in the market price. [Lead plaintiff movant]
KBC, unfortunately, would be encumbered with the unique question whether it acquired its
Network shares on better terms than the investing public and not fully in reliance on the market
price.”) (citing Hanon v. Data Products Corp., 976 F.2d 497, 508 (9th Cir. 1992) (“a named
plaintiff’s motion for class certification should not be granted if there is a danger that absent class
members will suffer if their representative is preoccupied with defenses unique to it”) (quotation
and citation omitted)); Baffa v. Donaldson , 222 F.3d 52, 59-60 (2d Cir. 2000) (affirming lower
court’s denial of plaintiff’s motion to intervene as class representative, in part, because she “had
access to more information than other investors in the putative class” and, thus, there was the
“danger that absent class members will suffer if their representative is preoccupied with defenses
unique to [her].”) (quotation omitted); In re Enron Corp. Sec. Litig ., 206 F.R.D. 427, 455 (S.D.
Tex. 2002) (denying state pension fund’s lead plaintiff motion where it relied, in part, upon an
6 Andrew Barry, In Facebook’s Fiasco, Hope for Reform , Barrons.com (May 26, 2012), available at http://online.barrons.com/article/SB5000142405311190396430457742238001766 3106.html.
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advisory firm with connections to Enron and was possibly in possession of non-public
2 information prior to purchasing the company’s shares); see generally Baydale v. Am. Express Co.,
No. 09 Civ. 3016, 2009 U.S. Dist. LEXIS 71668, at *9 (S.D.N.Y. Aug. 14, 2009) (denying lead
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plaintiff motion of movant reporting the largest financial interest, reasoning that “‘[w]here it is
5 predictable that a major focus of the litigation will be on an arguable defense unique to the named
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plaintiff. . . then the named plaintiff is not a proper class representative.’”) (citing and quoting
7 Koos v. First Nat'l Bank , 496 F.2d 1162, 1164 (7th Cir. 1974)).
8
Here, there also is a risk that if institutional investors are appointed to represent both
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institutional investors and retail investors, institutional investors such as the Institutional Investor
10 Group could ultimately be dismissed from this Action or have their motion to be appointed as
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class representatives denied, which would prejudice retail investors because they are not subject
12 to the absolute defense grounded in Section 11(a). To avoid such prejudice to retail investors,
13 Anhood and Galvan should be appointed as Lead Plaintiffs for the Retail Investors Class, or be
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appointed Co-Lead Plaintiffs for the entire Action to ensure that the interests of retail investors in
15 the Class are adequately protected. See, e.g., Makasky v IAC/Interactive , No. 04-cv-7447, 2004
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U.S. Dist. LEXIS, at *14 (S.D.N.Y. Dec. 20, 2004) (finding a co-lead plaintiff structure “provides
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flexibility and stability to the class” in the event either co-lead plaintiff “fails to address certain
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interests within the class, drops out of the action or compromises the class in some fashion.”);
19 Cable & Wireless , 217 F.R.D. at 376 (appointing pension fund potentially subject to unique
20 defenses as co-lead plaintiff with individual investor not subject to such defenses to ensure
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adequate class representation).
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2. Anhood and Galvan Have the Largest Financial Interest of Any of the Retail Investor Movants
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The PSLRA provides that in securities class actions, “courts shall appoint as lead
25 plaintiff(s) the member or members of the purported plaintiff class that the court determines to be
26 most capable of adequately representing the interests of the class members.” 15 U.S.C. § 77z-
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1(a)(3)(B)(i). Under the PSLRA, “the most adequate plaintiff” is the plaintiff who files a
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complaint or a lead plaintiff motion, has the largest financial interest in the case, and also satisfies
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the typicality and adequacy requirements of Fed. R. Civ. P. 23. 15 U.S.C. § 77z-1(a)(3)(B)(iii).
Here, a review of the Certifications and loss calculations provided by competing movants reveals
that Anhood and Galvan unquestionably have the largest financial interest of any competing
individual retail investor.
The movants and their purported losses are as follows:
Movant Claimed Loss Institutional Investor Group $7,175,153.23
Eiffel Tower Ventures, LLC, The GAF Unit Trust, and “in excess of $1.5 White Dune LLC (collectively, the “Funds”) million”
KBC Asset Management NV for account of the KBC $646,661.67 Equity Fund -Technology and KBC Equity Fund –New Shares, and the Employees’ Retirement System of the Government of the Virgin Islands (collectively, the “Institutional Investors”)
Desmond Doris, Donald Pompliano, Eric Rand, and $524,004.66 Ranford Williams (collectively, the “Facebook Investor Group”)
William H. Anhood and Jose and Mary Galvan $414,600
Ramesh Purohit, Karen Stewart, and Scott Wilson $184,404.13 (collectively, the “Facebook Investor Group II”) 7
David Goldberg, Garrett Garrison, Mariusz Kuzian, Sidney “at least $166,692”
Nasr, and Sean Quirk (collectively, the “Goldberg Group”)
Rick Pond $83,981.50
Marcus A. Gerber $77,270
Alexis Alexander, as custodian for Chloe Sophie Alexander, $19,147 Robert Herpst, and Vijay Akkaraju
Michael Spatz and Sanjay Israni $4,432.00
Here, Anhood and Galvan suffered a loss of at least $414,600 from their transactions in
Facebook shares. Anhood, who suffered a loss of at least $288,000, claims the largest individual
7 Coincidentally, the movant group consisting of Desmond Doris, Donald Pompliano, Eric Rand, and Ranford Williams and the movant group consisting of Ramesh Purohit, Karen Stewart, and Scott Wilson both refer to themselves as the “Facebook Investor Group.” For the purposes of this memorandum, the former is referred to as “Facebook Investor Group” and the latter is referred to as the “Facebook Investor Group II.”
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loss of any individual investor movants. The only individual movants reporting a larger loss than
Anhood and Galvan are the Facebook Investor Group, however, that group failed to properly
calculate its financial interest according to the relevant provision of the Securities Act and,
therefore, reported losses that were materially inflated. 8
Section 11(e) of the Securities Act provides, in relevant part, that damages in a suit
alleging violations of Section 11 shall be measured as follows:
such damages as shall represent the difference between the amount paid for the security (not exceeding the price at which the security was offered to the public) and (1) the value thereof as of the time such suit was brought, or (2) the price at which such security shall have been disposed of in the market before suit, or (3) the price at which such security shall have been disposed of after suit but before judgment if such damages shall be less than the damages representing the difference between the amount paid for the security (not exceeding the price at which the security was offered to the public) and the value thereof as of the time such suit was brought.
§ 77k(e). Accordingly, for shares held, the maximum per share recovery in this case is limited to
the difference between the amount paid for Facebook shares (but not exceeding its IPO price of
$38.00), and $32.00, the closing price of the shares on May 23, 2012, the day on which the first
federal action subject to the PSLRA was filed, i.e., the Brian Roffe Profit Sharing Plan action. 9
For shares sold before the action was filed, damages are measured based on the difference
between the $38.00 IPO price and the actual sale price. For shares sold, after the filing of the first
action was filed, damages are measured based on the difference between the price paid for the
shares (not exceeding $38.00 per share) and the higher of the actual sale price and $32.00.
Contrary to the statutory measure of damages in Section 11(e), members of the Facebook
8 The Facebook Investor Group filed its motion in the actions pending in the Southern District of New York. See Notice Of Facebook Investors Group’s Motion For Consolidation, Appointment Of Lead Plaintiff And Approval Of Its Selection Of Co-Lead Counsel (DKT No. 32), Memorandum of Law in support thereof (“Facebook Investor Group Memo”) (DKT No. 33), and Declaration of Frank R. Schirripa (“Schirripa Decl.”) (DKT No. 34) filed in the Brian Roffe Profit Sharing Plan action. 9 The first action alleging Securities Act violations in connection with Facebook’s allegedly false and misleading IPO Registration Statement and Prospectus was filed in California State Court on May 22, 2012. See Lazar v. Facebook, Inc. , No. CIV 514065 (Cal. Super. Ct.). The closing price of Facebook shares on May 22, 2012 was $31.00. The Court may therefore find that for shares held, damages should be measured based on the difference between the IPO price of $38.00 and the closing price on May 22, 2012 of $31.00, or $7.00 per share. Similarly, the Court may find that for shares sold after the action was filed, damages should be measured based on the difference between the IPO price and the higher of the actual sale price and $31.00 .
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Investor Group, except Desmond Doris, calculated their losses by simply taking the difference
between the total amount they paid for their shares and the total proceeds they received from
selling their shares. 10 See Facebook Investor Group Memo. Those calculations are contrary to
Section 11(e) because many of the Facebook Investor Group’s purchase transactions were made
at prices higher than $38 per share, and many of their sales transactions after the action was filed
were made at prices less than $32.00 per share, thereby materially overstating the Facebook
Investor Group’s losses.
For example, Desmond Doris, who claims a loss of $250,497.33, apparently either
miscalculated his loss or incorrectly certified his relevant transactions in Facebook. See Schirripa
Decl., Exhibit B. Specifically, according to the Facebook Investor Group’s Individual Damage
Calculations chart, the total amount that Desmond Doris purportedly paid for his shares was
$1,057,571.35 and the total amount of proceeds from the sale of those shares was $883,559.98.
The difference between those numbers is $174,011.37, not the $250,497.33 he reported. Id. The
discrepancy may be related to Desmond’s purported purchase of 2,031 shares on May 18, 2012.
Desmond’s certification indicates that he paid $40.20 per share for those shares, which would
equal a total cost of $81,646.20. The Individual Damage Calculations chart states, however, that
Desmond paid only $5,226.20 for those shares, which calls into question whether Desmond
actually purchased fewer shares than those listed in his certification. Schirripa Decl., Exhibit B.
Accordingly, either Desmond’s certification or the chart, or both, is inaccurate.
Analyzing the Facebook Investor Group’s reported transactions in Facebook securities in
accordance with Section 11(e) of the Securities Act yields losses of $303,277, which is
significantly less their claimed loss of $524,005.56.11 See Exhibit A to Declaration of Joy A.
10 The Facebook Investor Group does not expressly explain anywhere in its motion papers how it calculated its losses. However, according to the Facebook Investor Group’s “Individual Damage Calculations,” included as Exhibit B to the Schirripa Decl., one of its members, David Pompliano reported a loss of $155,680, which is equal to the difference between the “Total Cost” of his purchases, i.e., $496,000 and the “Total Proceeds” of his sales, i.e., $340,320. The same methodology was apparently used to calculate the losses of Eric Rand (“Total Cost” of $440,000 minus “Total Proceeds” of $374,000 for a loss of $66,000), and Ranford Williams (“Total Cost” of $478,591.10 minus “Total Proceeds” of $426,763.77 for a loss of $51,827.33). 11 Applying the alternative measure of damages described in footnote 9, the Facebook Investor Group’s losses are $321,976.43 and Anhood and Galvan’s losses are $483,700. Under either measure, Anhood and Galvan’s losses are larger than the losses of the Facebook Investor Group.
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Kruse In Further Support of the Motion of William H. Anhood and Jose and Mary Galvan,
submitted herewith (“Kruse Decl.”) (attaching analysis of Facebook Investor Group’s losses). It
is also substantially less than Anhood and Galvan’s losses of $414,600 . Assuming, arguendo,
that Facebook Investor Group’s methodology was proper, applying the Facebook Investor
Group’s faulty methodology yields the same result: Gavin and Anhood’s losses would be
$544,757.83, which is still larger than the $524,005.56 claimed by the Facebook Investor Group.
See Kruse Decl., Exhibit B. Moreover, the application of either methodology does not alter the
fact that Anhood possesses the largest individual losses of any retail investor: $288,000 using the
appropriate methodology, and losses of $305,000 utilizing the faulty methodology employed by
the Facebook Investor Group. Id.
Accordingly, Anhood and Galvan clearly have the largest financial interest of any
individual investor movants in this litigation.
3. Anhood and Galvan Otherwise Satisfy the Requirements of Typicality and Adequacy
Anhood and Galvan have heretofore demonstrated that they will adequately represent the
interests of all class members and that their claims are typical of the Class and, therefore, they
meet the applicable requirements of Fed. R. Civ. P. 23. Indeed, Anhood and Galvan satisfy the
requirements of adequacy and typicality for the Retail Investor Class because:
• they purchased shares of Facebook pursuant and traceable to the IPO
• they had no prior knowledge regarding Facebook’s lower revenue forecasts prior to the IPO
• they are not subject to the unique defenses faced by institutional investors that either they or their investment advisors might have had access to information prior to the IPO warning them of Facebook’s lowered revenue forecasts
As further evidence of their adequacy, Anhood and Galvan have selected Pomerantz
Grossman Hufford Dahlstrom & Gross LLP (“Pomerantz”) and Lieff, Cabraser, Heimann &
Bernstein, LLP (“Lieff Cabraser”) as Co-Lead Counsel for the Retail Investor Class. As
demonstrated in Anhood and Galvan’s initial Motion papers, both firms have extensive
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experience in securities litigation and class actions and the resources necessary to prosecute a
2 case of this magnitude. For these reasons, Anhood and Galvan should be appointed as Lead
3 Plaintiffs and Pomerantz and Lieff Cabraser should be appointed Lead Counsel for the Retail
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Investor Class.
5 III. CONCLUSION
6
For the foregoing reasons, Anhood and Galvan respectfully request the Court to issue an
7 Order (a) consolidating the related actions; (b) appointing Anhood and Galvan as Lead Plaintiffs
8 for the Retail Investor Class, or in the alternative, appointing Anhood and Galvan as Co-Lead
9 Plaintiffs for the Class of all Facebook IPO investors; (c) approving Pomerantz and Lieff
10 Cabraser as Co-Lead Counsel for the Retail Investor Class; or in the alternative approving
11 Pomerantz and Lieff Cabraser as Co-Lead Counsel for the Class of all Facebook IPO investors;
12 and (d) granting such other relief as the Court may deem to be just and proper.
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Dated: August 9, 2012 Respectfully submitted,
LIEFF, CABRASER, HEIMANN & BERNSTEIN, LLP
By: /s/ Joy A. Kruse Joy A. Kruse
Richard M. Heimann (State Bar No. 063607) [email protected] Joy A. Kruse (State Bar No. 142799) [email protected] Sharon M. Lee [email protected] 275 Battery Street, 29th Floor San Francisco, CA 94111-3339 Telephone: (415) 956-1000 Facsimile: (415) 956-1008
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POMERANTZ GROSSMAN HUFFORD DAHLSTROM & GROSS LLP
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Marc I. Gross [email protected]
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Jeremy A. Lieberman [email protected]
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600 Third Avenue, 20th Floor New York, New York 10016
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Telephone: (212) 661-1100 Facsimile: (212) 661-8665
6 POMERANTZ GROSSMAN HUFFORD DAHLSTROM
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& GROSS LLP Patrick V. Dahlstrom
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[email protected] Ten South La Salle Street, Suite 3505
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Chicago, Illinois 60603 Telephone: (312) 377-1181
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Facsimile: (312) 377-1184
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Counsel for Movant and Proposed Co-Lead Counsel for the Class
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Richard M. Heimann (State Bar No. 063607)
[email protected] 2 Joy A. Kruse (State Bar No. 142799)
[email protected] Sharon M. Lee [email protected]
4 LIEFF, CABRASER, HEIMANN & BERNSTEIN, LLP
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275 Battery Street, 29th Floor San Francisco, CA 94111-3339
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Telephone: (415) 956-1000 Facsimile: (415) 956-1008
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Marc I. Gross [email protected] Jeremy A. Lieberman [email protected] POMERANTZ GROSSMAN HUFFORD DAHLSTROM & GROSS LLP 600 Third Avenue, 20th Floor New York, New York 10016 Telephone: (212) 661-1100 Facsimile: (212) 661-8665
Patrick V. Dahlstrom [email protected] POMERANTZ GROSSMAN HUFFORD DAHLSTROM & GROSS LLP Ten South La Salle Street, Suite 3505 Chicago, Illinois 60603 Telephone: (312) 377-1181 Facsimile: (312) 377-1184
Counsel for Movant and Proposed Co-Lead Counsel for the Class
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UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
MICHAEL SPATZ, and SANJAY ISRANI, Individually and on Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, and WELLS FARGO SECURITIES, LLC,
Defendants.
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Civil No. 3:12-cv-02662-MMC
CERTIFICATE OF SERVICE
1051602.1 CERTIFICATE OF SERVICE Civil No. 3:12-CV-02662-MMC
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JEFF OFFNER, Individually and on Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and BARCLAYS CAPITAL INC.,
Defendants.
JAMES CHANG and SAMEER ANSARI, Individually and on Behalf of All Others Similarly Situated,
Plaintiffs,
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Civil No. 3:12-cv-2666-MMC
Civil No. 3:12-cv-2680-MMC
14 v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and BARCLAYS CAPITAL INC.,
Defendants.
JOHN GREGORY, Individually and on Behalf of All Others Similarly Situated,
23 Plaintiff, Civil No. 3:12-cv-2815-MMC
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v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC,
1051602.1 CERTIFICATE OF SERVICE Civil No. 3:12-CV-02662-MMC
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GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and BARCLAYS CAPITAL INC.,
Defendants.
HARVEY LAPIN, Individually And On Behalf of All Others Similarly Situated,
Plaintiff,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
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Civil No. 3:12-cv-3195-MMC
25 Defendants.
26 VERNON R. DEMOIS, JR, Individually And On 27 Behalf of All Others Similarly Situated,
Plaintiff, Civil No. 3:12-cv-3196-MMC
1051602.1 CERTIFICATE OF SERVICE Civil No. 3:12-CV-02662-MMC
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Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page27 of 40
v.
2 FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC,
Defendants.
DARRYL LAZAR, Individually And On Behalf of All Others Similarly Situated,
Plaintiff,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
Defendants.
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Civil No. 3:12-cv-3199-MMC
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Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page28 of 40
EDWARD J. SHIERRY, Individually And On 2 Behalf of All Others Similarly Situated,
Plaintiff, Civil No. 3:12-cv-3200-MMC
4 v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
Defendants.
KAREN CUKER and BRIAN GRALNICK, Individually And On Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYE
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Civil No. 3:12-cv-3201-MMC
CERTIFICATE OF SERVICE Civil No. 3:12-CV-02662-MMC 1051602.1
Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page29 of 40
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DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
Defendants.
MICHAEL LIEBER, Individually And On Behalf of All Others Similarly Situated,
Plaintiff,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO
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Civil No. 3:12-cv-3202-MMC
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Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page30 of 40
CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL
2 MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL
4 MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL
5 & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC.,
6 OPPENHEIMER & CO. INC., PACIFIC CREST SECURITIES LLC, PIPER JAFFRAY & CO.,
7 RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC.,
8 STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and
9 WILLIAM BLAIR & COMPANY, L.L.C.,
10 Defendants.
11 JENNIFER STOKES, Individually And On Behalf
12 of All Others Similarly Situated,
13
Plaintiff, Civil No. 3:12-cv-3203-MMC
14 v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, WELLS FARGO SECURITIES, LLC, BLAYLOCK ROBERT VAN LLC, BMO CAPITAL MARKETS CORP., C.L. KING & ASSOCIATES, INC., CABRERA CAPITAL MARKETS, LLC, CASTLEOAK SECURITIES, L.P., COWEN AND COMPANY, LLC, E*TRADE SECURITIES LLC, ITAU BBA USA SECURITIES, INC., LAZARD CAPITAL MARKETS LLC, LEBENTHAL & CO., LLC, LOOP CAPITAL MARKETS LLC, M.R. BEAL & COMPANY, MACQUARIE CAPITAL (USA) INC., MURIEL SIEBERT & CO., INC., OPPENHEIMER & CO. INC., PACIFIC CREST
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SECURITIES LLC, PIPER JAFFRAY & CO., RAYMOND JAMES & ASSOCIATES, INC., SAMUEL A. RAMIREZ & COMPANY, INC., STIFEL, NICOLAUS & COMPANY, INC., THE WILLIAMS CAPITAL GROUP, L.P., and WILLIAM BLAIR & COMPANY, L.L.C.,
Defendants.
THOMAS J. AHRENDTSEN and AARON M. LEVINE, Individually And On Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and BARCLAYS CAPITAL INC.,
Defendants.
KEVIN HICKS, LINH LIUU and 135 additional Plaintiffs, Individually And On Behalf of All Others Similarly Situated,
Plaintiffs,
v.
FACEBOOK, INC., MORGAN STANLEY & CO. LLC.,
Defendants.
Civil No. 3:12-cv-3212-MMC
Civil No. 3:12-cv-3353-MMC
1051602.1 CERTIFICATE OF SERVICE Civil No. 3:12-CV-02662-MMC
27
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Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page32 of 40
THOMAS E. NELSON, Individually And On 2 Behalf of All Others Similarly Situated,
Plaintiff, Civil No. 3:12-cv-3418-MMC
4 v.
FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., ALLEN & COMPANY LLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS, LLC, and WELLS FARGO SECURITIES, LLC,
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Defendants.
Certificate of Service
I am employed in the County of San Francisco, State of California. I am over the age of
eighteen (18) years and not a party to the within action; my business address is 275 Battery Street,
San Francisco, California 94111-3339.
I hereby certify that on August 9, 2012, the below-referenced documents were
electronically filed with the Clerk of the Court using the CM/ECF system:
1. MEMORANDUM OF POINTS AND AUTHORITIES IN FURTHER SUPPORT OF THE MOTION OF WILLIAM H. ANHOOD AND JOSE AND MARY GALVAN FOR CONSOLIDATION, APPOINTMENT AS LEAD PLAINTIFF, AND APPROVAL OF CO-LEAD COUNSEL; and
2. DECLARATION OF JOY A. KRUSE IN FURTHER SUPPORT OF MOTION OF WILLIAM H. ANHOOD AND JOSE AND MARY GALVAN FOR CONSOLIDATION, APPOINTMENT AS LEAD PLAINTIFF AND APPROVAL OF CO-LEAD COUNSEL
which will send notification of such filing to the attorneys of record.
I also hereby certify that I am personally and readily familiar with the business practice of
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Lieff, Cabraser, Heimann & Bernstein, LLP for collection and processing of correspondence for
mailing with the United States Postal Service, and on August 9, 2012, I caused a copy of the
foregoing documents to be served via the United States Postal Service upon the following:
See Manual Notice List entries in the attached Service List
I also hereby certify that I caused an electronic copy of the foregoing documents to be
forwarded via email to the following Designated Internet Site, in compliance with Civil L.R. 23-
2(c)(2):
Securities Class Action Clearinghouse Stanford University School of Law Crown Quadrangle Stanford, CA 94305-8612 scaclaw.stanford.edu
I declare under penalty of perjury that the foregoing is true and correct. Executed in
San Francisco, California on August 9, 2012.
A 'xa derZane
1051602.1 -2- CERTIFICATE OF SERVICE Civil No. 3: 12-C V-02662-MMC
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Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page34 of 40
Service List
2
Case 3:12-cv-02662-MMC Electronic Mail Notice List
The following are those who are currently on the list to receive e-mail notices for this case. 4
• James Francis Basile
5
[email protected],[email protected],[email protected] ,alevin@kirk land.com
6 • Brant W. Bishop [email protected]
7
• Mary K. Blasy [email protected] ,[email protected],[email protected]
8
• Andrew B. Clubok [email protected]
9
• Timothy Alan DeLange [email protected],[email protected],[email protected],[email protected]
10
om • Elizabeth L. Deeley
11
[email protected],[email protected],[email protected],tiffany.lee@kirkland. com,[email protected]
12 • Andrew Ditchfield [email protected]
13 • Facebook, Inc. [email protected]
14 • Francis M. Gregorek [email protected]
15 • Joy Ann Kruse [email protected]
16 • Mark I. Labaton [email protected] ,[email protected] ,[email protected]
17
om • Rosemary Farrales Luzon
18
[email protected] ,[email protected] • Azra Z. Mehdi
19
[email protected] • Patrick Hugh Moran
20
[email protected] • Danielle Suzanne Myers
21
[email protected],[email protected],[email protected] • Neal Alan Potischman
22
[email protected] ,[email protected],[email protected],felicia.yu@ davispolk.com
23 • Rachele R. Rickert [email protected]
24 • James P. Rouhandeh [email protected]
25 Manual Notice List
26 The following is the list of attorneys who are not on the list to receive e-mail notices for this case
27 (who therefore require manual noticing).
28
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Counsel for Michael Spatz:
Gregory M. Nespole Robert B. Weintraub Wolf Haldenstein Adler Freeman&Herz LLP 270 Madison Avenue New York, NY 10016
Counsel for KBC Asset Management NV and the Employees' Retirement System of the Government of the Virgin Islands (Collectively, the Institutional Investors):
David P. Abel James M. Hughes William S. Norton Joseph F. Rice Motley Rice LLC 28 Bridgeside Boulevard Mt. Pleasant, SC 29464
Counsel for Facebook, Inc.:
Richard D. Bernstein Willkie Farr and Gallagher LLP 1875 K Street Washington, DC 20006
Counsel for Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Goldman Sachs & Co, Barclays Capital Inc, Allen & Company LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated:
Charles S. Duggan Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017
Counsel for Morgan Stanley & Co., LLC, J.P. Morgan Securities LLC, Goldman Sachs & Co.:
Samantha Harper Knox Davis Polk & Wardwell LLP 1600 El Camino Real Menlo Park, CA 94025
Counsel for Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Allen & Company LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities, Inc., RBC Capital Markets, LLC, Blaylock Robert Van LLC, BMO Capital Markets Corp., Cabrera Capital Markets, LLC, Castleoak Securities, L.P., Cowen and Company, LLC, E*Trade Securities LLC, Itau BBA USA Securities, Inc., Lazard Capital Markets LLC, Lebenthal & Co., LLC, Loop Capital Markets LLC, M.R.
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CERTIFICATE OF SERVICE 1051602.1 - - Civil No. 3:12-CV-02662-MMC
Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page36 of 40
1 Beal & Company, Macquarie Capital (USA) Inc., Muriel Siebert & Co., Inc., Oppenheimer & Co. Inc., Pacific Crest Securities LLC, Piper Jaffray & Co., Raymond James &
2 Associates, Inc., Samuel A. Ramirez & Company, Inc., Stifel, Nicolaus & Company, Incorporated, The Williams Capital Group, L.P., William Blair & Company, L.L.C., C.L.
3 King & Associates, Inc.:
4 Andrew Ditchfield Davis Polk & Wardwell LLP
5 450 Lexington Avenue New York, NY 10017
6 Neal Alan Potischman
7 Davis Polk & Wardwell 1600 El Camino Real
8 Menlo Park, CA 94025
9 Richard D. Bernstein Willkie Farr and Gallagher LLP
10
1875 K Street Washington, DC 20006
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12 Counsel for King & Associates, Inc.:
13 Richard D. Bernstein Willkie Farr and Gallagher LLP
14
1875 K Street Washington, DC 20006
15 Counsel for Jeff Offner:
16 Daniel C. Girard
17 Ian Samson Jonathan Krasne Levine
18 Girard Gibbs & De Bartolomeo LLP 601 California Street
19
Suite 1400 San Francisco, CA 94104
20
21 Counsel for James Chang and Sameer Ansari:
22 Reed R. Kathrein Peter E. Borkon
23 Hagens Berman Sobol Shapiro LLP 715 Hearst Avenue, Suite 202
24 Berkeley, CA 94710
25 Counsel for John Gregory:
26 George Schieffelin Trevor
27 Bruce Lee Simon: Pearson, Simon, Warshaw & Penny LLP
28 44 Montgomery Street
1051602.1 - 5 - CERTIFICATE OF SERVICE Civil No. 3:12-CV-02662-MMC
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Suite 2450 San Francisco, CA 94104
2 Alexander Robert Safyan
3 Clifford H. Pearson Daniel L. Warshaw
4 William James Newsom Pearson, Simon, Warshaw, Penny, LLP
5
15165 Ventura Blvd. Suite 400 Sherman Oaks, CA 91403
6
7 Counsel for Harvey Lapin:
8 Lionel Z. Glancy Casey Edwards Sadler
9 Michael M. Goldberg Robert Vincent Prongay
10 Glancy Binkow & Goldberg LLP 1925 Century Park East
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Suite 2100 Los Angeles, CA 90067-2722
12 Mark Robert Rosen
13 Barrack, Rodos & Bacine 3300 Two Commerce Sq.
14 2001 Market Street Philadelphia, PA 19103
15 Samuel M. Ward
16 Barrack Rodos & Bacine One America Plaza
17 600 West Broadway, Suite 900 San Diego, CA 92101
18
19 Counsel for Vernon R. DeMois, Jr.:
20 Daniel E. Bacine Beth T. Seltzer
21 Barrack Rodos & Bacine 2001 Market Street
22 Suite 3300 Philadelphia, PA 19103
23 Stephen R. Basser
24 Barrack, Rodos & Bacine One America Plaza
25 600 West Broadway Suite 900
26 San Diego, CA 92101
27 Counsel for Darryl Lazar
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Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page38 of 40
1 Lionel Z. Glancy Casey Edwards Sadler
2 Michael M. Goldberg Robert Vincent Prongay
3 Glancy Binkow & Goldberg LLP 1925 Century Park East
4
Suite 2100 Los Angeles, CA 90067-2722
5 Mark Robert Rosen
6 Barrack, Rodos & Bacine 3300 Two Commerce Sq.
7 2001 Market Street Philadelphia, PA 19103
8 Stephen R. Basser
9 Samuel M. Ward Barrack, Rodos & Bacine
10 One America Plaza 600 West Broadway
11
Suite 900 San Diego, CA 92101
12
13 Counsel for Elbita Alfonso
14 Betsy Carol Manifold Wolf Haldenstein Adler Freeman & Herz
15 Symphony Towers 750 B Street Suite 2770
16 San Diego, CA 92101
17 Counsel for Edward Shierry:
18 Frank James Johnson
19 David Elliot Johnson & Weaver, LLP
20 110 West A Street Suite 750
21 San Diego, CA 92101
22 Counsel for Karen Cuker and Brian Gralnick:
23 Lionel Z. Glancy
24 Casey Edwards Sadler Michael M. Goldberg
25 Robert Vincent Prongay Glancy Binkow & Goldberg LLP
26 1925 Century Park East Suite 2100
27 Los Angeles, CA 90067-2722
28 Mark Robert Rosen
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Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page39 of 40
1 Barrack, Rodos & Bacine 3300 Two Commerce Sq.
2 2001 Market Street Philadelphia, PA 19103
3 Stephen R. Basser
4 Samuel M. Ward Barrack, Rodos & Bacine
5 One America Plaza 600 West Broadway
6 Suite 900 San Diego, CA 92101
7
8 Counsel for Michael Lieber:
9 Jordan L. Lurie Andrew Joseph Sokolowski
10 Raul Perez Sue Jin Kim
11 Initiative Legal Group APC 1800 Century Park East
12 2nd Floor Los Angeles, CA 90067
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14 Counsel for Jennifer Stokes:
15 Robert Ahdoot Bradley Keith King
16 Theodore Walter Maya Tina Wolfson
17 Ahdoot & Wolfson APC 10850 Wilshire Boulevard
18
Suite 370 Los Angeles, CA 90024
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20 Counsel for Thomas J. Ahrendsten and Aaron M. Levine:
21 Jonathan Shub Seeger Weiss LLP
22
1515 Market Street Suite 1380
23 Philadelphia, PA 19102
24 Christopher A. Seeger Seeger Weiss LLP
25 77 Water Street 26th Floor
26 New York, NY 10005
27 Counsel for Kevin Hicks, Linh Liuu, and 135 additional Plaintiffs:
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Case3:12-cv-02662-MMC Document115 Filed08/09/12 Page40 of 40
1 Raj Vasant Abhyanker Raj Abhyanker, PC
2 1580 W El Camino Real Suite 13
3 Mountain View, CA 94040
4 Kuscha Hatami Fard Raj Abhyanker P.C.
5 1580 W El Camino Real Suite 14
6 Mountain View, CA 94040
7 Counsel for Thomas E. Nelson:
8 Jon Charles Furgison
9 444 Longfellow Hermosa Beach, CA 90254
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