Saxena White Appointed Lead Counsel in FibroGen, Inc. Securities Class Action

Saxena White P.A. is pleased to announce that on August 30, 2021, the United States District Court for the Northern District of California appointed Saxena White as Lead Counsel in the securities fraud class action against FibroGen, Inc.

In selecting lead counsel, Judge Edward M. Chen noted that “Saxena White has recovered hundreds of millions of dollars for plaintiffs in securities cases over the past decade,” including one of the largest shareholder derivative settlements in history and noted its “diverse makeup” as a federally certified woman- and minority-owned firm.

In his order appointing the lead plaintiffs, three sophisticated institutional investors, Judge Chen determined that the Retirement Systems’ sophistication, litigation experience, fiduciary responsibilities to their beneficiaries, and rigorous vetting process for counsel strongly imply that they “are capable of overseeing the litigation and their proposed lead counsel in an independent manner.”