294 F. Supp. 2d 392 (S.D.N.Y. 2003) Cited 161 times
Holding that the lead plaintiff, a stockholder, had standing to assert Section 11 claims on behalf of investors in WorldCom's note offerings where "claims addressed specifically to the [note] offerings rely on the same course of conduct that underlies the claims addressed more generally to WorldCom's securities . . . ."
Finding that filing of additional information after sixty-day period "did not violate the spirit or purpose of the PSLRA and its express time deadlines" because requisite information about group member had been included in earlier filing and therefore amendment "did not 'supplement' the group"
Rejecting the argument that because the proposed lead plaintiff was not the beneficial owner of the shares that it could not serve as an adequate lead plaintiff
97 F. Supp. 2d 993 (N.D. Cal. 1999) Cited 34 times
Holding that it was inappropriate to count losses or profits by "in-and-out" traders and assuming a constant fraud premium despite movant's argument that partial disclosures may have begun seeping into the pool of information available to the investors
150 F. Supp. 2d 943 (N.D. Ill. 2001) Cited 26 times
Rejecting application of FIFO methodology and finding that net seller's transactions during the class period "caused it to derive unwitting benefits rather than true losses from the alleged securities fraud"
Fed. R. Civ. P. 23 Cited 35,615 times 1241 Legal Analyses
Holding that, to certify a class, the court must find that "questions of law or fact common to class members predominate over any questions affecting only individual members"