Securities class action: lead plaintiff appointed
Company: Marathon Digital
The claim, verbatim
In the securities class action against Marathon Digital Holdings and executives Okamoto, Thiel and Salzman, the court granted Lucas/Carlos Marina's motion to be lead plaintiff. It found him most appropriately situated based on financial interest, typicality, possible unique defenses and the breadth of the class, and found the presumption in his favor had not been rebutted.
Source (primary)
Schlatre v. <mark>Marathon Digital Holdings, Inc</mark>. — Entry #50: TRANSCRIPT of Proceedings, 46 Order on Motion for Appointment of Counsel, Motion Hearing, held on 9/7/2022, before Judge Richard F (RECAP, court_filing)
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Quote: “I am going to go ahead and grant the motion for Mr. Marina to be lead plaintiff in this case. I do find based upon the relevant factors in terms of his financial interests as well as the other Rule 23 and particularly the issues of typicality ... that Mr. Marina is most appropriately situated to be lead plaintiff in this case.”
How we checked this
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Additional evidence
confirms Schlatre v. <mark>Marathon Digital Holdings, Inc</mark>. — Entry #50: TRANSCRIPT of Proceedings, 46 Order on Motion for Appointment of Counsel, Motion Hearing, held on 9/7/2022, before Judge Richard F
Quote: “I am going to go ahead and grant the motion for Mr. Marina to be lead plaintiff in this case. I do find based upon the relevant factors in terms of his financial interests as well as the other Rule 23 and particularly the issues of typicality ... that Mr. Marina is most appropriately situated to be lead plaintiff in this case.”