SMILOVITS v. FIRST SOLAR, INC.

No. CV12-0555-PHX-DGC.

Mark Smilovits, individually and on behalf of all others similarly situated, Plaintiffs, v. First Solar, Inc.; Michael J. Ahearn; Robert J. Gillette; Mark R. Widmar; Jens Meyerhoff; James Zhu; Bruce Sohn; and David Eaglesham, Defendants.

United States District Court, D. Arizona.

December 27, 2019.

Editors Note
Applicable Law: 15 U.S.C. § 78m(a)
Cause: 15 U.S.C. § 78m(a) Securities Exchange Act
Nature of Suit: 850 Other Statutes: Securities / Commodities
Source: PACER


Attorney(s) appearing for the Case

Mark Smilovits, Individually and on Behalf of All Other Persons Similarly Situated, Plaintiff, represented by Garrett Webster Wotkyns , Schneider Wallace Cottrell Konecky Wotkyns LLP, Jennifer Lynn Kroll , Martin & Bonnett PLLC, Jeremy A. Lieberman , Pomerantz LLP, Patrick V. Dahlstrom , Pomerantz LLP, Richard W. Gonnello , Faruqi & Faruqi LLP & Susan Joan Martin , Martin & Bonnett PLLC.

Johnny Hyldmar, Plaintiff, represented by Richard W. Gonnello , Faruqi & Faruqi LLP.

Mineworkers' Pension Scheme, Plaintiff, represented by Andrew S. Friedman , Bonnett Fairbourn Friedman & Balint PC, Daniel S. Drosman , Robbins Geller Rudman & Dowd LLP, Danielle S. Myers , Robbins Geller Rudman & Dowd LLP, Hillary B. Stakem , Robbins Geller Rudman & Dowd LLP, pro hac vice, Jason A. Forge , Robbins Geller Rudman & Dowd LLP, Jessica Tally Shinnefield , Robbins Geller Rudman & Dowd LLP, pro hac vice, Kevin Richard Hanger , Struck Love Bojanowski & Acedo PLC, Luke Brooks , Robbins Geller Rudman & Dowd LLP, Marco Janoski , Robbins Geller Rudman & Dowd LLP, Mark Solomon , Robbins Geller Rudman & Dowd LLP, Michael J. Dowd , Robbins Geller Rudman & Dowd LLP, Ting Liu , Robbins Geller Rudman & Dowd LLP, Christopher Dennis Stewart , Robbins Geller Rudman & Dowd LLP, Cody R. LeJeune , Robbins Geller Rudman & Dowd LLP, Darren J. Robbins , Robbins Geller rudman & Dowd LLP, Darryl J. Alvarado , Robbins Geller Rudman & Dowd LLP, Jennifer N. Caringal , Robbins Geller Rudman & Dowd LLP, pro hac vice, Lonnie A. Browne , Robbins Geller Rudman & Dowd LLP, pro hac vice & Tor Gronborg , Robbins Geller Rudman & Dowd LLP, pro hac vice.

British Coal Staff Superannuation Scheme, Plaintiff, represented by Andrew S. Friedman , Bonnett Fairbourn Friedman & Balint PC, Daniel S. Drosman , Robbins Geller Rudman & Dowd LLP, Danielle S. Myers , Robbins Geller Rudman & Dowd LLP, Hillary B. Stakem , Robbins Geller Rudman & Dowd LLP, pro hac vice, Jason A. Forge , Robbins Geller Rudman & Dowd LLP, Jessica Tally Shinnefield , Robbins Geller Rudman & Dowd LLP, pro hac vice, Kevin Richard Hanger , Struck Love Bojanowski & Acedo PLC, Luke Brooks , Robbins Geller Rudman & Dowd LLP, Marco Janoski , Robbins Geller Rudman & Dowd LLP, pro hac vice, Mark Solomon , Robbins Geller Rudman & Dowd LLP, Michael J. Dowd , Robbins Geller Rudman & Dowd LLP, Ting Liu , Robbins Geller Rudman & Dowd LLP, Christopher Dennis Stewart , Robbins Geller Rudman & Dowd LLP, Cody R. LeJeune , Robbins Geller Rudman & Dowd LLP, Darren J. Robbins , Robbins Geller rudman & Dowd LLP, Darryl J. Alvarado , Robbins Geller Rudman & Dowd LLP, Jennifer N. Caringal , Robbins Geller Rudman & Dowd LLP, pro hac vice, Lonnie A. Browne , Robbins Geller Rudman & Dowd LLP, pro hac vice & Tor Gronborg , Robbins Geller Rudman & Dowd LLP, pro hac vice.

Maverick Funds, Plaintiff, represented by David Thorpe , Dietrich Siben Thorpe LLP.

First Solar Incorporated, Defendant, represented by Antony L. Ryan , Cravath Swaine & Moore LLP, pro hac vice, Daniel Slifkin , Cravath Swaine & Moore LLP, pro hac vice, David H. Korn , Cravath Swaine & Moore LLP, pro hac vice, Joseph Nathaniel Roth , Osborn Maledon PA, Karin A. DeMasi , Cravath Swaine & Moore LLP, pro hac vice, Lauren M. Rosenberg , Cravath Swaine & Moore LLP, pro hac vice, Michael T. Reynolds , Cravath Swaine & Moore LLP, pro hac vice, Morgan J. Cohen , Cravath Swaine & Moore LLP, pro hac vice, Rebecca J. Schindel , Cravath Swaine & Moore LLP, pro hac vice & Eugene G. Illovsky , Morrison & Foerster LLP, pro hac vice.

Michael J Ahearn, Defendant, represented by Antony L. Ryan , Cravath Swaine & Moore LLP, pro hac vice, Daniel Slifkin , Cravath Swaine & Moore LLP, pro hac vice, David H. Korn , Cravath Swaine & Moore LLP, pro hac vice, Joseph Nathaniel Roth , Osborn Maledon PA, Karin A. DeMasi , Cravath Swaine & Moore LLP, pro hac vice, Michael T. Reynolds , Cravath Swaine & Moore LLP, pro hac vice, Morgan J. Cohen , Cravath Swaine & Moore LLP, pro hac vice & Rebecca J. Schindel , Cravath Swaine & Moore LLP, pro hac vice.

Robert J Gillette, Defendant, represented by Antony L. Ryan , Cravath Swaine & Moore LLP, pro hac vice, Daniel Slifkin , Cravath Swaine & Moore LLP, pro hac vice, David H. Korn , Cravath Swaine & Moore LLP, pro hac vice, Joseph Nathaniel Roth , Osborn Maledon PA, Karin A. DeMasi , Cravath Swaine & Moore LLP, pro hac vice, Lauren M. Rosenberg , Cravath Swaine & Moore LLP, pro hac vice, Michael T. Reynolds , Cravath Swaine & Moore LLP, pro hac vice & Morgan J. Cohen , Cravath Swaine & Moore LLP, pro hac vice.

Mark R Widmar, Defendant, represented by Antony L. Ryan , Cravath Swaine & Moore LLP, pro hac vice, Daniel Slifkin , Cravath Swaine & Moore LLP, pro hac vice, David H. Korn , Cravath Swaine & Moore LLP, pro hac vice, Joseph Nathaniel Roth , Osborn Maledon PA, Karin A. DeMasi , Cravath Swaine & Moore LLP, pro hac vice, Lauren M. Rosenberg , Cravath Swaine & Moore LLP, pro hac vice, Michael T. Reynolds , Cravath Swaine & Moore LLP, pro hac vice & Rebecca J. Schindel , Cravath Swaine & Moore LLP, pro hac vice.

Jens Meyerhoff, James Zhu, Bruce Sohn & David Eaglesham, Defendants, represented by Antony L. Ryan , Cravath Swaine & Moore LLP, pro hac vice, Daniel Slifkin , Cravath Swaine & Moore LLP, pro hac vice, David H. Korn , Cravath Swaine & Moore LLP, pro hac vice, Joseph Nathaniel Roth , Osborn Maledon PA, Karin A. DeMasi , Cravath Swaine & Moore LLP, pro hac vice, Lauren M. Rosenberg , Cravath Swaine & Moore LLP, pro hac vice, Michael T. Reynolds , Cravath Swaine & Moore LLP, pro hac vice, Morgan J. Cohen , Cravath Swaine & Moore LLP, pro hac vice & Rebecca J. Schindel , Cravath Swaine & Moore LLP, pro hac vice.

Raymond W O'Brien, George Conway & Vikean Limited, Movants, represented by Jeremy A. Lieberman , Pomerantz LLP.

Oakland County Employees Retirement System, Louisiana Municipal Police Employees Retirement System, Wiltshire Pension Fund & Erste-Sparinvest Kapitalanlagegesellschaft mbH, Movants, represented by Stephen Richard Basser , Barrack Rodos & Bacine & Samuel M. Ward , Barrack Rodos & Bacine.

New York State Teachers' Retirement System, ("NYSTRS"), Movant, represented by James St. Pierre Christian , Christian Goodman PLC & Salvatore Jo Graziano , Bernstein Litowitz Berger & Grossman LLP.

Wayne County Employees' Retirement System, Movant, represented by Bryan Jens Gottfredson , Sacks Tierney PA, Edward M. Varga, III , Kirby McInerney LLP, Ira Michael Press , Kirby McInerney LLP, Jeffrey Dale Gardner , Sacks Tierney PA, Jeffrey S. Leonard , Sacks Tierney PA & Peter S. Linden , Kirby McInerney LLP.

Fulton County Employees' Retirement System, Movant, represented by David R. Scott , Scott & Scott LLC, Garrett Webster Wotkyns , Schneider Wallace Cottrell Konecky Wotkyns LLP, Joseph P. Guglielmo , Scott & Scott LLP & Michael Craig McKay , McKay Law LLC.


ORDER

This securities fraud class action is set for trial in January 2020. The parties filed nine motions to exclude expert testimony under Federal Rule of Evidence 702 and Daubert v. Merrell Dow Pharmaceuticals, Inc., 509 U.S. 579 (1993). The Court ruled on...

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