Qian v. VinFast Auto Ltd. et al

New York Eastern District Court
Judge:Nicholas G Garaufis
Referred: Robert M Levy
Case #: 1:24-cv-03956
Nature of Suit850 Other Statutes - Securities/Commodities/Exchange
Cause15:77 Securities Fraud
Case Filed:May 31, 2024
Last checked: Thursday Nov 28, 2024 3:31 AM EST
Defendant
Thi Thu Thuy Le
Defendant
David Mansfield
Defendant
Anh Thi Lan Nguyen
Defendant
Ling Chung Yee Roy
Defendant
Pham Nguyen Anh Thu
Defendant
Nguyen Thi Van Trinh
Defendant
VinFast Auto Ltd.
Defendant
Pham Nhat Vuong
Defendant
Ngan Wan Sing Winston
Plaintiff
Meng Qian
Represented By
Phillip Kim
The Rosen Law Firm
contact info

GPO Nov 01 2024
MEMORANDUM AND ORDER: By order dated June 17, 2024, the Hon. Nicholas G. Garaufis, United States District Judge, referred for decision the motions of plaintiffs Nick Voravongsy and Lea Luckett (Dkt. No. 13), Sarah Quach (Dkt. No. 16), Meng Qian (Dkt. No. 17), Mahmoud Zayan (Zayan) (Dkt. No. 19), and Filippo Nannicini, Lorenzo Nannicini, and Alessandra Nannicini (the Nannicinis) (Dkt. No. 20) for consolidation of actions 24-CV-2750 and 24-CV-3956 and for appointment as lead plaintiff and lead counsel. On June 12, 2024, Sarah Quach filed a notice of withdrawal of her motion. (See Dkt. No. 24.) On June 25, 2024, Meng Qian filed a notice of non-opposition. (See Dkt. No. 25). Also on June 25, 2024, Nick Voravongsy and Lea Luckett filed a notice of non-opposition to the Nannicinis motion. (See Dkt. No. 26.) This leaves the motions of the Nannicinis (Dkt. No. 20) and Zayan (Dkt. No. 19). All movants agree that the cases should be consolidated as related. Having reviewed the parties' submissions, and all of the case law cited therein, I find that the Nannicinis have the largest financial interest in the relief sought by the class. The Nannicinis' motion for an order (1) consolidating the related securities class actions, (2) appointing the Nannicinis as lead plaintiff pursuant to the PSLRA, 15 U.S.C. §77z-1, et seq. and 15 U.S.C. §78u-4, et seq.; and (3) approving Robbins Geller Rudman & Dowd LLP as lead counsel for the proposed class (Dkt. No. 20) is hereby granted. The motion of Mahmoud Zayan for appointment as lead plaintiff and approval of lead counsel (Dkt. No. 19) is denied. So Ordered by Magistrate Judge Robert M. Levy on 11/1/2024. (JM) See attached Memorandum and Order for details. (TLH)

Docket last updated: 04/27/2025 11:59 PM EDT
Friday, November 01, 2024
5 5 4 pgs order Memorandum & Opinion Tue 11/05 3:18 PM
MEMORANDUM AND ORDER: By order dated June 17, 2024, the Hon. Nicholas G. Garaufis, United States District Judge, referred for decision the motions of plaintiffs Nick Voravongsy and Lea Luckett (Dkt. No. 13), Sarah Quach (Dkt. No. 16), Meng Qian (Dkt. No. 17), Mahmoud Zayan (Zayan) (Dkt. No. 19), and Filippo Nannicini, Lorenzo Nannicini, and Alessandra Nannicini (the Nannicinis) (Dkt. No. 20) for consolidation of actions 24-CV-2750 and 24-CV-3956 and for appointment as lead plaintiff and lead counsel. On June 12, 2024, Sarah Quach filed a notice of withdrawal of her motion. (See Dkt. No. 24.) On June 25, 2024, Meng Qian filed a notice of non-opposition. (See Dkt. No. 25). Also on June 25, 2024, Nick Voravongsy and Lea Luckett filed a notice of non-opposition to the Nannicinis motion. (See Dkt. No. 26.) This leaves the motions of the Nannicinis (Dkt. No. 20) and Zayan (Dkt. No. 19). All movants agree that the cases should be consolidated as related. Having reviewed the parties' submissions, and all of the case law cited therein, I find that the Nannicinis have the largest financial interest in the relief sought by the class. The Nannicinis' motion for an order (1) consolidating the related securities class actions, (2) appointing the Nannicinis as lead plaintiff pursuant to the PSLRA, 15 U.S.C. §77z-1, et seq. and 15 U.S.C. §78u-4, et seq.; and (3) approving Robbins Geller Rudman & Dowd LLP as lead counsel for the proposed class (Dkt. No. 20) is hereby granted. The motion of Mahmoud Zayan for appointment as lead plaintiff and approval of lead counsel (Dkt. No. 19) is denied. So Ordered by Magistrate Judge Robert M. Levy on 11/1/2024. (JM) See attached Memorandum and Order for details. (TLH)
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order ~Util - Create Case Association Tue 11/05 3:15 PM
Cases associated. (TLH)
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Monday, June 17, 2024
order Order Reassigning Case Mon 06/17 1:14 PM
ORDER REASSIGNING CASE. Case reassigned to Judge Nicholas G. Garaufis and Magistrate Judge Robert M. Levy (as related to 24-cv-2750)for all further proceedings. Judge Nina R. Morrison, Magistrate Judge Taryn A. Merkl no longer assigned to case Please download and review the Individual Practices of the assigned Judges, located on our[LINK:website] . Attorneys are responsible for providing courtesy copies to judges where their Individual Practices require such.Ordered by Chief Judge Margo K. Brodie on 6/17/2024. (KD)
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Tuesday, June 04, 2024
4 4 service Summons Issued Tue 06/04 7:25 AM
Summons Issued as to Thi Thu Thuy Le, David Mansfield, Anh Thi Lan Nguyen, Ling Chung Yee Roy, Pham Nguyen Anh Thu, Nguyen Thi Van Trinh, VinFast Auto Ltd., Pham Nhat Vuong, Ngan Wan Sing Winston. (KD)
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3 3 misc Quality Control Check - Attorney Case Opening Tue 06/04 7:22 AM
This attorney case opening filing has been checked for quality control. See the attachment for corrections that were made, if any. (KD)
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2 2 misc Clerks Notice of Rule 73 Tue 06/04 7:21 AM
Clerk's Notice Re: Consent. A United States Magistrate Judge has been assigned to this case and is available to conduct all proceedings. In accordance with Rule 73 of the Federal Rules of Civil Procedure, Local Rule 73.1, the parties are notified that if all parties consent, the assigned Magistrate Judge is available to conduct all proceedings in this action including a (jury or nonjury) trial and to order the entry of a final judgment. Attached to this Notice is a blank copy of the consent form that should be filled out, signed and filed electronically only if all parties wish to consent. Any party may withhold its consent without adverse substantive consequences. Do NOT return or file the consent unless all parties have signed the consent.The form may also be accessed at the following link:[LINK:https://img.nyed.uscourts.gov/files/forms/MJConsentForm.pdf] (KD)
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utility Case Assigned/Reassigned Tue 06/04 7:20 AM
Case Assigned to Judge Nina R. Morrison and Magistrate Judge Taryn A. Merkl. Please download and review the Individual Practices of the assigned Judges, located on our[LINK:website] . Attorneys are responsible for providing courtesy copies to judges where their Individual Practices require such. (KD)
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notice Notice of Related Case Assignment/Designation Tue 06/04 7:26 AM
Notice of Related Case: The Civil Cover Sheet filed in this civil action indicates a related case. (KD)
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Friday, May 31, 2024
1 1 32 pgs cmp Complaint Fri 05/31 4:48 PM
COMPLAINT against Thi Thu Thuy Le, David Mansfield, Anh Thi Lan Nguyen, Ling Chung Yee Roy, Pham Nguyen Anh Thu, Nguyen Thi Van Trinh, VinFast Auto Ltd., Pham Nhat Vuong, Ngan Wan Sing Winston filing fee $ 405, receipt number ANYEDC-17933656 Was the Disclosure Statement on Civil Cover Sheet completed -YES,, filed by Meng Qian. (Kim, Phillip)
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Att: 1 PSLRA Cert,
Att: 2 Civil Cover Sheet,
Att: 3 Proposed Summons