Garity v. Tetraphase Pharmaceuticals, Inc. et al, No. 1:2018cv06797 - Document 26 (S.D.N.Y. 2019)
Court Description: OPINION & ORDER re: 16 MOTION to Transfer Case . filed by Jacques Dumas, Guy Macdonald, Tetraphase Pharmaceuticals, Inc., 21 MOTION to Appoint Laila Thompson to serve as lead plaintiff(s) filed by Laila Thompson. For the foregoing reasons, Defendnats' motion to transfer is GRANTED and Laila Thompson's motion to appoint lead plaintiff is DENIED without prejudice. SO ORDERED. (Signed by Judge Andrew L. Carter, Jr on 5/30/2019) (anc) Transmission to Office of the Clerk of Court for processing.
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Garity v. Tetraphase Pharmaceuticals, Inc. et al Doc. 26 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------------------x EDWARD GARITY, Individually and on Behalf of All Others Similarly Situated, USDC SDNY DOCUMENT ELECTRONICALLY FILED DOC#: DATE FILED: -_? o-/ 7 -------- Plaintiff, 1:18-cv-06797 (ALC) -against- OPINION & ORDER TETRAPHASE PHARMACEUTICALS INC., GUY MACDONALD, JACQUES DUMAS, PIPER JAFFRAY & CO., BMO CAPITAL MARKETS CORP., STIFEL NICOLAUS & CO., INC., SUNTRUST ROBINSON HUMPHREY & CO., LLC, and H.C. WAINWRIGHT & CO., LLC, Defendants. ------------------------------------------------x ANDREW L. CARTER, JR., United States District Judge: Plaintif Edward Garity brings this securities litigation against Defendants Tetraphase Pharmaceuticals, Inc. ("Tetraphase" or the "Company"), Guy Macdonald, Jacques Dumas, Piper Jafray & Co., BMO Capital Markets Cop., Stiel Nicolaus & Co., Inc., SunTrust Robinson Humphrey & Co., LLC, and H.C. Wainwright & Co., LLC (collectively, "Deendants"), on behalf of a purported class of investors. 1 See ECF No.1, "Com pl.". Now before the Court are Defendants' Motion to Transer the case to the United States District Court or the District of Massachusetts ("District of Massachusetts") pursuant to 28 U.S.C. § 1404(a) and a motion filed by Laila Thompson to be appointed as lead plaintiff pursuant to the Private Securities Litigation Reform Act of 1995, 15 U.S.C. § 77z-l(a)(3). For the ollowing reasons, the motion to transer is granted and the motion to appoint a lead plaintif Defendants Piper Jaffray & Co., BMO Capital Markets Corp., Stifel Nicolaus & Co., Inc., SunTrust Robinson Humphrey & Co., LLC., and Wainwright & Co., LLC are collectively referred to hereinater as the "Underwriter Defendants". 1 1 Dockets.Justia.com
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