Opinion
No. C 16-2566-CRB No. C 16-2568-CRB No. C 16-02569-CRB No. C 16-02570-CRB No. C 16-02572-CRB No. C 16-02573-CRB
07-11-2016
ORDER REMANDING CASES
Defendants removed the six actions at issue here—all brought under the Securities Act of 1933—from state court in May 2016. See Notices of Removal. The Court concludes that this matter is suitable for resolution without oral argument under Civil Local Rule 7-1(b) and VACATES the hearing set for this matter.
Courts in this district have uniformly concluded and exhaustively explained that the Securities Act prohibits removal of the specific claims at issue here. See 15 U.S.C.A. § 77v. After careful review of the parties' submissions and the relevant authorities, the Court concludes that Defendants have offered no new or convincing arguments indicating that these cases granting remand—cases which "appear[] to be emerging as the dominant view around the country"—were wrongly decided. See Clovis Oncology, Inc., 2016 WL 2592947, at *7. The Court thus GRANTS Plaintiffs' Motions to Remand in each of these six actions.
Plaintiffs also move for fees and costs, arguing that Defendants lacked an "objectively reasonable basis for seeking removal." See Terraform Glob., Inc., 2016 WL 827374, at *5. Although courts in this district have "soundly rejected" Defendants' position, see Liu, 2015 WL 3920074, at *3, the Court declines to conclude that Defendants lacked an "objectively reasonable basis for seeking removal," see Terraform Glob., Inc., 2016 WL 827374, at *5. Plaintiffs' motion for costs and expenses is DENIED. See id.
IT IS SO ORDERED. Dated: July 11, 2016
/s/_________
CHARLES R. BREYER
UNITED STATES DISTRICT JUDGE
See Elec. Workers Local #357 Pension & Health & Wellness Trusts v. Clovis Oncology, Inc., No. 16-cv-00933-EMC, 2016 U.S. Dist. LEXIS 60086 (N.D. Cal. May 5, 2016); Iron Workers Mid-South Pension Fund v. TerraForm Global, Inc., No. 15-CV-6328-BLF, 2016 U.S. Dist. LEXIS 27753, at *17-*18 (N.D. Cal. Mar. 3, 2016); Buelow v. Alibaba Grp. Holding Ltd., No. 15-cv-05179-BLF, 2016 U.S. Dist. LEXIS 7444, at *9-*10 (N.D. Cal. Jan. 20, 2016) City of Warren Police & Fire Ret. Sys. v. Revance Therapeutics, Inc., 125 F. Supp. 3d 917 (N.D. Cal. 2015); Liu v. Xoom Corp., No. 15-CV-00602-LHK, 2015 WL 3920074, at *3 (N.D. Cal. June 25, 2015); Plymouth Cty. Ret. Sys. v. Model N, Inc., No. 14-cv- 04516-WHO, 2015 U.S. Dist. LEXIS 1104, at *7 (N.D. Cal. Jan. 5, 2015); Kerley v. MobileIron Inc., No. 15-cv-04416-VC, Order Granting Motion to Remand (N.D. Cal. Nov. 30, 2015); Desmarais v. Johnson, No. C 13-03666 WHA, 2013 U.S. Dist. LEXIS 153165, at *8-*9 (N.D. Cal. Oct. 22, 2013); Young v. Pac. Biosciences of Cal., Inc., No. 5:11-cv-05668, 2012 U.S. Dist. LEXIS 33695, at *11 (N.D. Cal. Mar. 13, 2012); Cervantes v. Dickerson, No. 15-cv-3825-PJH, 2015 U.S. Dist. LEXIS 143390, at *10 (N.D. Cal. Oct. 21, 2015); Harper v. Smart Techs Inc., No. C 11-5232 SBA, 2012 U.S. Dist. LEXIS 191130, at *13 (N.D. Cal. Sept. 28, 2012); Toth v. Envivo, Inc., No. C 12-5636 CW, 2013 U.S. Dist. LEXIS 151767, at *3 (N.D. Cal. Oct. 17, 2013).