In re Drexel Burnham Lambert Group, Inc.
960 F.2d 285 (2d Cir. 1992) Cited 687 times 12 Legal AnalysesHolding that Shutts did not require opt-out rights in a Rule 23(b)(B) class action because the plaintiffs had already submitted to the district court's jurisdiction by filing bankruptcy claims against the defendant
Pirelli Armstrong Tire Corp. Retiree Medical Benefits Trust v. LaBranche & Co., Inc.
229 F.R.D. 395 (S.D.N.Y. 2004) Cited 141 timesHolding that the "experience of a candidate" is "relevant to reaching a determination as to whether a candidate will be capable of adequately protecting the interests of the class"
In re Olsten Corp. Securities Litg.
3 F. Supp. 2d 286 (E.D.N.Y. 1998) Cited 165 timesConsolidating cases with different, but overlapping, class periods
In re eSpeed, Inc. Securities Litigation
232 F.R.D. 95 (S.D.N.Y. 2005) Cited 133 timesHolding that "a group of unrelated investors should not be considered as lead plaintiff when that group would displace the institutional investor preferred by the PSLRA"
In re Prudential Securities Inc. Ltd. Partnerships Litigation
163 F.R.D. 200 (S.D.N.Y. 1995) Cited 72 timesGranting class certification
Section 78u-4 - Private securities litigation
15 U.S.C. § 78u-4 Cited 7,595 times 52 Legal AnalysesGranting courts authority to permit discovery if necessary "to preserve evidence or to prevent undue prejudice to" a party