In re SVB Financial Group Securities Litigation
- James Donato
- 5:23-cv-01097
- U.S. District Court · Northern District of California
- 1
In re SVB Financial Group Securities Litigation: Judge Donato appointed two attorneys as lead counsel for the consolidated action.
Norges and AP7, the appointed lead plaintiffs, and the consolidated action's class counsel.
What happened
In re SVB Financial Group Securities Litigation is a consolidated securities case in which the court had already appointed Norges and AP7 as lead plaintiffs. The court had postponed choosing lead counsel until the plaintiffs identified specific attorneys rather than only a law firm.
Norges and AP7 selected Salvatore J. Graziano of Bernstein Litowitz and Sharan Nirmul of Kessler Topaz to serve as lead counsel. The opinion does not describe any opposing position or dispute about those selections.
Judge James Donato appointed Graziano and Nirmul as lead counsel in the consolidated action. The order was entered on December 28, 2023.
The detailed version
- In re SVB Financial Group Securities Litigation · No. 5:23-cv-01097
- James Donato
- Dec. 28, 2023
Background
The court had previously appointed Norges and AP7 as lead plaintiffs in the consolidated action. It deferred appointing lead counsel until the plaintiffs identified specific lawyers of their choice, rather than identifying only a law firm.
Selection of Counsel
Norges and AP7 selected Salvatore J. Graziano of Bernstein Litowitz and Sharan Nirmul of Kessler Topaz to serve as lead counsel. The opinion cites In re Cavanaugh, 306 F.3d 726, 734 (9th Cir. 2002).
Ruling
Judge James Donato appointed Attorneys Graziano and Nirmul as lead counsel in the consolidated action. The order does not address the merits of the securities claims.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.