§Why CasetextPricing

Burton v. Merrill Lynch & Co., Inc. et al

MEMORANDUM OF LAW in Support re: 15 MOTION to Consolidate Cases. MOTION to Appoint Gerald Wendel and Robert Berzin to serve as lead plaintiff

13 Cited authorities

  1. In re Cendant Corp. Litigation

    264 F.3d 201 (3d Cir. 2001)   Cited 718 times
    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"

  2. Johnson v. Celotex Corp.

    899 F.2d 1281 (2d Cir. 1990)   Cited 556 times   1 Legal Analyses
    Finding that "courts have taken the view that considerations of judicial economy favor consolidation"

  3. In re Cavanaugh

    306 F.3d 726 (9th Cir. 2002)   Cited 350 times
    Holding that that options traders can satisfy the typicality requirement and serve as a lead plaintiff

  4. In re Fuwei Films Securities Litigation

    247 F.R.D. 432 (S.D.N.Y. 2008)   Cited 57 times
    Setting forth elements of the Lax test

  5. Weltz v. Lee

    199 F.R.D. 129 (S.D.N.Y. 2001)   Cited 65 times
    Concluding that a group of seven members was not "so cumbersome as to deliver the control of the litigation into the hands of the lawyers"

  6. In re Am. Bk. N. Holographics, Inc. Securities Litigation

    93 F. Supp. 2d 424 (S.D.N.Y. 2000)   Cited 64 times
    Holding underwriters to be sellers where the putative class consisted of investors who acquired shares in the initial public offering

  7. Vladimir v. Bioenvision, Inc.

    07 Civ. 6416 (SHS) (AJP) (S.D.N.Y. Dec. 21, 2007)   Cited 22 times
    Explaining that "[m]ost courts have found the fourth factor, the approximate loss suffered during the class period, to be the most important factor in determining who should be the lead plaintiff"

  8. In re Centerline Holding Co. Securities Litigation

    08 Civ. 505 (SAS), 08 Civ. 1026 (SAS), 08 Civ. 1158 (SAS), 08 Civ. 1458 (SAS), 08 Civ. 1593 (SAS), 08 Civ. 1902 (SAS) (S.D.N.Y. May. 5, 2008)   Cited 3 times

    08 Civ. 505 (SAS), 08 Civ. 1026 (SAS), 08 Civ. 1158 (SAS), 08 Civ. 1458 (SAS), 08 Civ. 1593 (SAS), 08 Civ. 1902 (SAS). May 5, 2008 For the Centerline Investor Group:, Lawrence A. Sucharow, Esq., Christopher J. Keller, Esq., Andrei V. Rado, Esq., Alan I. Ellman, Esq., Labaton Sucharow LLP, New York, New York. Sherrie R. Savett, Esq., Barbara A. Podell, Esq., Eric Lechtzin, Esq., Berger Montague, P.C., Philadelphia, Pennsylvania. For the Burns Group:, Bruce D. Bernstein, Esq., Rebecca Ringey, Esq.

  9. Rule 6 - Computing and Extending Time; Time for Motion Papers

    Fed. R. Civ. P. 6   Cited 49,437 times   24 Legal Analyses
    Holding that "if the last day [of a period] is a Saturday, Sunday, or legal holiday, the period continues to run until the end of the next day that is not a Saturday, Sunday, or legal holiday."

  10. Rule 23 - Class Actions

    Fed. R. Civ. P. 23   Cited 35,330 times   1237 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"

  11. Rule 42 - Consolidation; Separate Trials

    Fed. R. Civ. P. 42   Cited 9,353 times   24 Legal Analyses
    Granting court's authority to consolidate related cases or "issue any other orders to avoid unnecessary cost or delay."

  12. Section 78u-4 - Private securities litigation

    15 U.S.C. § 78u-4   Cited 7,538 times   51 Legal Analyses
    Granting courts authority to permit discovery if necessary "to preserve evidence or to prevent undue prejudice to" a party

  13. Section 78u - Investigations and actions

    15 U.S.C. § 78u   Cited 2,303 times   85 Legal Analyses
    Granting the SEC the power to seek civil penalties for violations of the Exchange Act