Judge approves new class certification
Full docket text for document 481: ORDER REGARDING CLASS CERTIFICATION granting [425] Motion to Certify Class. Based upon the stipulation of the parties and good cause appearing therefor, pursuant to Federal Rules of Civil Procedure 23(a) and (b)(3), the Court hereby certifies the additional classes: Section 11 Class (against Puda, Zhao, Brean, Macquarie, Tang and Wizel): Those persons or entities who purchased Puda shares pursuant or traceable to the public offering of Puda shares on or about December 8, 2010, and who were damaged thereby; Section 12 Class (against Puda, Zhao, Brean, and Macquarie): Those persons or entities who purchased Puda shares: (a) directly in the December 8, 2010 public offering from either Brean or Macquarie, or whose purchase of Puda shares was directly solicited by Puda, Zhao, Macquarie or Brean and (b) who were damaged thereby; Section 10(b) Class (against Macquarie and Brean): Those persons or entities who purchased Puda common stock or call options on Puda common stock or sellers of put options on Puda common stock, (a) during the period commencing December 8, 2010, through the market close on April 7, 2011, (b) who did not sell those securities prior to April 8, 2011, and (c) who were damaged thereby. Excluded from each class are all defendants, other officers and directors of Puda (past and present) and members of all of their immediate families, entities in which any and all such excluded persons hold any ownership interest, and any and all heirs, successors or assigns of any of the foregoing. (Signed by Judge Denise L. Cote on 1/12/2015) (mro)