Plaintiffs win class action status in 2017 stock loan lawsuit

Included: All persons and entities who, directly or through an agent, entered into at least 100 U.S. Stock Loan Transactions as a borrower from the prime brokerage businesses of the U.S.-based entities of the Prime Broker Defendants, or at least 100 U.S. Stock Loan Transactions as a lender of Hard-to-Borrow stock to the U.S.-based entities of the Prime Broker Defendants, from January 1, 2012 until August 16, 2017.

Plaintiffs IPERS, LACERA, OCERS, SCERA, and Torus be appointed Lead Plaintiffs.

Cohen Milstein and Quinn Emanuel be appointed Class Counsel.

Plaintiffs’ request to extend the Class Period to February 21, 2021 or later and reopen fact discovery is denied.

The full ruling is available at https://fingfx.thomsonreuters.com/gfx/legaldocs/zjpqkllmxpx/cave-order-ipers-2022.pdf

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