Opinion
Civil Action 1:21-cv-06127-SLC-VM Master 1:21-cv-04390-SLC-VM
08-16-2021
WA PING KWAN, derivatively on behalf of ARRAY TECHNOLOGIES, INC. f/k/a ATI INTERMEDIATE HOLDINGS, LLC, Plaintiff, v. JIM FUSARO, NIPUL PATEL, TROY ALSTEAD ORLANDO D. ASHFORD, RON P. CORIO, BRAD FORTH, PETER JONNA, JASON LEE, ATI INVESTMENT PARENT, LLC, OAKTREE ATI INVESTORS, L.P., OAKTREE POWER OPPORTUNITIES FUND IV, L.P., OAKTREE POWER OPPORTUNITIES FUND IV PARALLEL, L.P., OAKTREE CAPITAL GROUP HOLDINGS, L.P., OAKTREE CAPITAL MANAGEMENT, L.P., Defendants and ARRAY TECHNOLOGIES, INC., Nominal Defendant.
[PROPOSED] ORDER DECONSOLIDATING SHAREHOLDER DERIVATIVE ACTION FROM RELATED SECURITIES CLASS ACTION
VICTOR MARRERO, U.S.D.J.
Upon the joint request (the “Request”) of Derivative Plaintiff Wa Ping Kwan (“Kwan”), Nominal Defendant Array Technologies, Inc., f/k/a ATI Intermediate Holdings, LLC (“Array”), Defendants ATI Investment Parent, LLC, Jim Fusaro, Nipul Patel, Troy Alstead, Orlando D. Ashford, Ron P. Corio, Brad Forth, Peter Jonna, Jason Lee, Oaktree ATI Investors, L.P., Oaktree Power Opportunities Fund IV, L.P., Oaktree Power Opportunities Fund IV (Parallel), L.P., Oaktree Capital Group Holdings, L.P., and Oaktree Capital Management, L.P. (the “Defendants”) to deconsolidate the above-referenced shareholder derivative action, Kwan v. Fusaro, et. al, Case No. 1:21-cv-06127-SLC-VM (S.D.N.Y.) (the “Kwan Derivative Action”), from a related securities class action before the Court, Plymouth County Retirement Association v. Array Technologies, Inc., et al., Case No. 1:21-cv-04390-SLC-VM (S.D.N.Y.) (the “Plymouth County Class Action”); and this Court having determined that the legal and factual bases set forth in the Request establish just cause for the relief granted herein; and after due deliberation thereon; and good and sufficient cause appearing therefor, it is HEREBY ORDERED THAT:
1. The Kwan Derivative Action, captioned Kwan v. Fusaro, et. al, Case No. 1:21-cv-06127-SLC-VM, is hereby deconsolidated from the Plymouth County Class Action, captioned Plymouth County Retirement Association v. Array Technologies, Inc., et al., Case No. 1:21-cv-04390-SLC-VM.
2. The Kwan Derivative Action, captioned Kwan v. Fusaro, et. al, No. 1:21-cv-06127-SLC-VM, is hereby reopened as an active matter before the Court.
3. The Kwan Derivative Action shall be marked as related to the Plymouth County Class Action.
IT IS SO ORDERED.