Boynton Beach Firefighters' Pension Fund v. HCP, Inc. et al
Opposition to 19 Motion for appointment of counsel Motion of Albert J. Bell for Appointment as Lead Plaintiff and Approval of Lead Counsel, 20 Motion for appointment of counsel and for appointment as lead plaintiff
554 U.S. 269 (2008) Cited 831 times 8 Legal Analyses
Holding that a federal cause of action that permitted payphone operators to seek compensation from long-distance carriers for certain calls was assignable
Holding that the PSLRA is clear that "the power to `select and retain' lead counsel belongs . . . to the lead plaintiff, and the court's role is confined to deciding whether to `approve' that choice" and that should the court disagree with the lead plaintiffs choice "it should clearly state why . . . and should direct the lead plaintiff to undertake an acceptable selection process"
Holding that a plaintiff who sues under Section 1132 "does so on behalf of the plan and not in his individual capacity. While the individual has standing to bring the suit, and stands to gain if the suit is successful, his benefit is secondary or derivative of the plans gain"
Finding that client and client's corporate affiliate were so interrelated such that "representation adverse to a client's corporate affiliate implicate[d] the duty of loyalty owed to the client"
Finding a conflict where some class members are placed "in the conflicting position of having to defend their actions against a discrimination challenge."