Opinion
18 Civ. 4993 (NRB)
11-18-2022
IN RE AEGEAN MARINE PETROLEUM NETWORK, INC. SECURITIES LITIGATION
ORDER
NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE.
WHEREAS Lead Plaintiff had originally filed its motion for class certification, supporting memorandum, and declarations on September 12, 2022 (ECF Nos. 394-97); and
WHEREAS Lead Plaintiff thereafter informed the Court of an agreement in principle to resolve its claims against Defendant Spyros Gianniotis and obtained a stay of all proceedings and deadlines as to Defendant Gianniotis on October 27, 2022 (ECF Nos. 407-08); and
WHEREAS if Defendant Gianniotis's settlement receives final approval, the sole remaining claim in this action would be a claim under Section 20A of the Securities Exchange Act of 1934 against Defendant Dimitris Melissanidis; and
WHEREAS it is in the interest of judicial economy for Lead Plaintiff to file a revised class certification motion; it is hereby
ORDERED that the Clerk of Court strike from the docket ECF Nos. 394-97 as withdrawn; and it is further
ORDERED that Lead Plaintiff is permitted to file a revised class certification motion; and it is further
ORDERED that Lead Plaintiff's proposed revised schedule in its letter of November 14, 2022 is adopted.