STADNICK v. VIVINT SOLAR, INC.

No.14-cv-9283 (KBF), No. 14-cv-9709 (KBF).

ROBBY SHAWN STADNICK, individually and on behalf of all others similarly situated, Plaintiff, v. VIVINT SOLAR, INC., et al., Defendants.

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

December 10, 2015.


Attorney(s) appearing for the Case

Robby Shawn Stadnick, Lead Plaintiff, represented by Nicholas Ian Porritt , Levi & Korsinsky LLP & Adam M. Apton , Levi & Korsinsky LLP.

Brennen Hyatt, Plaintiff, represented by Samuel Howard Rudman , Robbins Geller Rudman & Dowd LLP.

Thomas Lima, Consolidated Plaintiff, represented by Francis Paul McConville , Pomerantz LLP & Jeremy Alan Lieberman , Pomerantz LLP.

Michael Perrotta, Movant, represented by Phillip C. Kim , The Rosen Law Firm P.A..

All-Pro Title Group, LLC, Movant, represented by Jeremy Alan Lieberman , Pomerantz LLP.

Vivint Solar, Inc., Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

The Blackstone Group L.P., Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Gregory S. Butterfield, Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Dana C. Russell, Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

David F. D'Alessandro, Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Alex J. Dunn, Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Bruce McEvoy, Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Todd R. Pedersen, Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Joseph F. Trustey, Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Peter F. Wallace, Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Joseph S. Tibbetts, Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Matthew Barkan , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Goldman, Sachs & Co., Defendant, represented by Paul Vizcarrondo , Wachtell, Lipton, Rosen & Katz, Carrie Marie Reilly , Wachtell, Lipton, Rosen & Katz & Steven Peter Winter , Wachtell, Lipton, Rosen & Katz.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Defendant, represented by Paul Vizcarrondo , Wachtell, Lipton, Rosen & Katz, Carrie Marie Reilly , Wachtell, Lipton, Rosen & Katz & Steven Peter Winter , Wachtell, Lipton, Rosen & Katz.

Credit Suisse Securities (USA) LLC, Defendant, represented by Paul Vizcarrondo , Wachtell, Lipton, Rosen & Katz, Carrie Marie Reilly , Wachtell, Lipton, Rosen & Katz & Steven Peter Winter , Wachtell, Lipton, Rosen & Katz.

Citigroup Global Markets Inc., Defendant, represented by Paul Vizcarrondo , Wachtell, Lipton, Rosen & Katz, Carrie Marie Reilly , Wachtell, Lipton, Rosen & Katz & Steven Peter Winter , Wachtell, Lipton, Rosen & Katz.

Deutsche Bank Securities Inc., Defendant, represented by Paul Vizcarrondo , Wachtell, Lipton, Rosen & Katz, Carrie Marie Reilly , Wachtell, Lipton, Rosen & Katz & Steven Peter Winter , Wachtell, Lipton, Rosen & Katz.

Morgan Stanley & Co. LLC, Defendant, represented by Paul Vizcarrondo , Wachtell, Lipton, Rosen & Katz, Carrie Marie Reilly , Wachtell, Lipton, Rosen & Katz & Steven Peter Winter , Wachtell, Lipton, Rosen & Katz.

Barclays Capital Inc., Defendant, represented by Paul Vizcarrondo , Wachtell, Lipton, Rosen & Katz, Carrie Marie Reilly , Wachtell, Lipton, Rosen & Katz & Steven Peter Winter , Wachtell, Lipton, Rosen & Katz.

Blackstone Advisory Partners L.P., Defendant, represented by Paul Vizcarrondo , Wachtell, Lipton, Rosen & Katz, Carrie Marie Reilly , Wachtell, Lipton, Rosen & Katz & Steven Peter Winter , Wachtell, Lipton, Rosen & Katz.


OPINION & ORDER

Plaintiff Robby Shawn Stadnick, on behalf of himself and as representative of a purported class, brings this action against Vivint Solar, Inc. ("Vivint Solar" or "the Company"), its largest stockholder, Blackstone Group, L.P., a number of individual officers and directors (the ...

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