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Greco v. Qudian Inc. — Entry #66: MEMO ENDORSEMENT on re: 64 Letter filed by Qudian Inc., Carl Yeung, Min Luo

Case: Greco v. Qudian Inc. nysd · 1:20-cv-00577

filed January 22, 2020

What this document is

Docket entry #66 · filed December 05, 2022

MEMO ENDORSEMENT on re: 64 Letter filed by Qudian Inc., Carl Yeung, Min Luo. ENDORSEMENT: Application granted. By separate order, and for the reasons stated in this letter, the Court will enter final judgment in this case. The Clerk of Court is directed to enter judgment for Defendants, to terminate all pending motions and to close this case. (Signed by Judge Gregory H. Woods on 12/5/2022) (rro) Transmission to Orders and Judgments Clerk for processing. (Entered: 12/06/2022)

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We follow this case because it names a company we track, although that company is not a party:

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Case 1:20-cv-00577-GHW               Document 66                USDC
                                                                                      Page   SDNY
                                                                                            Filed 12/05/22
                                                                                           1 of 1
                                                                                       DOCUMENT
                                              Simpson Thacher & Bartlett LLP ELECTRONICALLY FILED
                                                       2475 HA NOVER STREET
                                                                                       DOC #:
                                                       P A L O A L T O , C A 9 4 3 04
                                                                                       DATE FILED: 12/5/2022

                                                         T E L E P H O N E : + 1- 6 50 - 25 1- 500 0    MEMORANDUM ENDORSED
                                                         F A C S I M I L E : + 1- 6 50- 25 1- 500 2


    Dir ect Di al Num ber                                                                                                                E- ma il A ddr es s
    (650) 25 1-5 153                                                                                                                s bl ak e @s t bl aw. com


              BY ECF                                                      December 5, 2022

              Hon. Gregory H. Woods
              United States District Court for the Southern District of New York
              Daniel Patrick Moynihan U.S. Courthouse
              500 Pearl St.
              New York, NY 10017-1312

                            Re:     Greco, et al., v. Qudian Inc., et al., Case No. 1:20-cv-00577-GHW

              Dear Judge Woods:

                      Pursuant to the Court’s Individual Rules of Practice in Civil Cases, I write on behalf of
              Defendants Qudian Inc. (“Qudian”), Min Luo, and Carl Yeung (collectively, “Defendants”) to request
              the entry of final judgment in favor of Defendants. Lead Plaintiffs Juan Pablo di Benedetto, Galessi
              Holding Corp, and Pablo Greco (collectively, “Lead Plaintiffs”) do not oppose this request.

                     By way of background, on January 22, 2020, Plaintiff Stephen Bellingham filed a Class Action
              Complaint asserting federal securities claims under Sections 10(b) and 20(a) of the Securities
              Exchange Act of 1934, and SEC Rule 10b-5, on behalf of a putative class. Pursuant to a Stipulation
              and Order dated April 7, 2020, the Court appointed Lead Plaintiffs (Dkt. No. 34). Lead Plaintiffs filed
              an Amended Complaint on June 12, 2020 (Dkt. No. 44), and Defendants filed a motion to dismiss the
              Amended Complaint on September 4, 2020 (Dkt. No. 54).

                     On September 13, 2022, the Court granted Defendants’ motion to dismiss, with leave to file a
              second amended complaint within 30 days, i.e., by October 13, 2022 (Dkt. No. 61), which the Court
              subsequently extended to November 14, 2022 (Dkt. No. 63). Lead Plaintiffs have elected not to file a
              second amended complaint. Defendants therefore respectfully request that, subject to the Court’s
              approval, final judgment be entered in favor of Defendants on all claims in the Amended Complaint in
              the form submitted herewith.

                                                                                     Respectfully submitted,


                                                                                     /s/ Stephen P. Blake
               cc: All counsel of record, via ECF                                    Stephen P. Blake
Application granted. By separate order, and for the reasons stated in this letter, the Court will enter final judgment in this case.
The Clerk of Court is directed to enter judgment for Defendants, to terminate all pending motions and to close this case.
SO ORDERED.
                                                                                                           _____________________________________
Dated:December 5, 2022                                                                                             GREGORY H. WOODS
New York, New York                                                                                                United States District Judge
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