On November 29, 2016, one day after the November 28, 2016 oral argument regarding the cross-motions for the appointment of Lead Plaintiff, the Honorable Sarah Netburn entered an Order appointing Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefit Funds, Teamsters Local 456 Annuity Fund, and the City of Birmingham Retirement and Relief System (collectively, the “Institutional Investors”) as Lead Plaintiffs and appointing Saxena White as Lead Counsel of the action.
In the Order, Magistrate Judge Netburn noted that the Institutional Investors have demonstrated that they will adequately protect the interests of class members. In addition, Magistrate Judge Netburn noted Saxena White’s experience in approving the Institutional Investors’ selection of Saxena White as Lead Counsel.