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AHRENS v. CTI BIOPHARMA CORP.

No. 16 Civ. 1044 (PAE).

WILLIAM AHRENS and PENELOPE AHRENS, individually and on behalf of all others similarly situated, Plaintiffs, v. CTI BIOPHARMA CORP., JAMES A. BIANCO, LOUIS A. BIANCO, BRUCE J. SEELY, JACK W. SINGER, PHILLIP M. NUDELMAN, JOHN H. BAUER, KAREN IGNAGNI, RICHARD L. LOVE, MARY O. MUNDINGER, FREDERICK W. TELLING, and REED V. TUCKSON, Defendants.

United States District Court, S.D. New York.

May 19, 2016.

Attorney(s) appearing for the Case

William Ahrens, Plaintiff, represented by Lesley Frank Portnoy , Glancy Prongay & Murray LLP.

Penelope Ahrens, Plaintiff, represented by Lesley Frank Portnoy , Glancy Prongay & Murray LLP.

Medical Opportunities Fund, Movant, represented by William Bernard Federman , Federman & Sherwood.

Marcello Zucca, Movant, represented by Lesley Frank Portnoy , Glancy Prongay & Murray LLP.

Paul Sapan, Movant, represented by Lesley Frank Portnoy , Glancy Prongay & Murray LLP.

Stefano D'Agostino, Movant, represented by Lesley Frank Portnoy , Glancy Prongay & Murray LLP.

Ernie Lemoi, Movant, represented by Lesley Frank Portnoy , Glancy Prongay & Murray LLP.

SANJIVKUMAR DALSANIA, Movant, represented by Adam M. Apton , Levi & Korsinsky LLP.

DAFNA LifeScience, LP, Movant, represented by Avi Josefson , Bernstein Litowitz Berger & Grossmann LLP.

DAFNA LifeScience Select, LP, Movant, represented by Avi Josefson , Bernstein Litowitz Berger & Grossmann LLP.

Camia Investment LLC, Movant, represented by Jeremy Alan Lieberman , Pomerantz LLP.

Samuel Suhua Zhang, Movant, represented by Jeremy Alan Lieberman , Pomerantz LLP.

CTI Biopharma, Corp., Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

James A. Bianco, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

Louis A. Bianco, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

Jack W. Singer, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

Phillip M. Nudelman, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

John H. Bauer, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

Karen Ignagni, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

Richard L. Love, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

Mary O. Mundinger, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

Frederick W. Telling, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

Reed V. Tuckson, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

Bruce J. Seeley, Defendant, represented by Ross Bradley Galin , O'Melveny & Myers LLP.

James Lessard, ADR Provider, represented by Thomas James McKenna , Gainey McKenna & Egleston.

OPINION & ORDER

In February 2016, plaintiffs William Ahrens and Penelope Ahrens brought this putative class action, alleging violations of the federal securities laws by defendant CTI BioPharma Corp. ("CTI" or the "Company"), as well as various individual officers and directors ("Individual Defendants...

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