Howard v. The Bear Stearns Companies, Inc. et al

MOTION to Appoint Drew V. Lounsbury to serve as lead plaintiff

S.D.N.Y.April 10, 2008

1 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK DREW V. LOUNSBURY, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES E. CAYNE, ALAN C. GREENBERG, ALAN D. SCHWARTZ, PAUL A. NOVELLY, FRANK T. NICKELL, FREDERIC V. SALERNO, VINCENT TESE and JOHN DOES 1-10, Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL ACTION NO.08- CV- 3326(RWS) CLASS ACTION AARON HOWARD, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., THE BEAR STEANS COMPANIES INC. EXECUTIVE COMMITTEE, JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL ACTION NO. 08-Civ. 2804 (VM) CLASS ACTION Case 1:08-cv-02804-RWS Document 9 Filed 04/10/2008 Page 1 of 6 ESTELLE WEBER, Individually and on behalf of Bear Stearns Companies Inc. Employee Stock Ownership Plan, and all Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., CUSTODIAL TRUST COMPANY, JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL ACTION NO. 08-Civ. 2870 (VM) CLASS ACTION ANTHONY PISANO, individually and on behalf of all Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL ACTION NO. 08-Civ. 3006 (UA) CLASS ACTION Case 1:08-cv-02804-RWS Document 9 Filed 04/10/2008 Page 2 of 6 HANS MENOS, individually and on behalf of all Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL ACTION NO. 08-Civ. 3035 (UA) CLASS ACTION IRA GERWITZ, individually and on behalf of all Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL ACTION NO. 08-Civ. 3089 (UA) CLASS ACTION Case 1:08-cv-02804-RWS Document 9 Filed 04/10/2008 Page 3 of 6 SHELDEN GREENBERG, individually and on behalf of all Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN C. GREENBERG, JEFFREY MAYER, SAMUEL L. MOLINARO, JR., ALAN D. SCHWARTZ, WARREN J. SPECTOR, and JOHN and JANE DOES 1-10 Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL ACTION NO. 08-Civ. 03334 (UA) CLASS ACTION SCOTT WETTERSTEIN, individually and on behalf of all Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN GREENBERG, and JOHN AND JANE DOES 1-10, Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL ACTION NO. 08-Civ. 03351 (UA) CLASS ACTION Case 1:08-cv-02804-RWS Document 9 Filed 04/10/2008 Page 4 of 6 1 NOTICE OF MOTION AND MOTION BY PLAINTIFF DREW V. LOUNSBURY FOR CONSOLIDATION OF ALL RELATED ERISA ACTIONS AND APPOINTMENT OF A LEAD PLAINTIFF AND INTERIM CLASS COUNSEL TO ALL PARTIES AND THEIR COUNSEL OF RECORD: PLEASE TAKE NOTICE that on February 23, 2008 at 12:00 p.m., or as soon thereafter as the matter may be heard, in Courtroom 18C of the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, New York 10007, Drew V. Lounsbury, plaintiff in Lounsbury v. The Bear Stearns Companies Inc., Civil Action No. 08-CV-3326 (RWS) (“Lounsbury” or “Movant”), will move this Court for an order: (i) consolidating all related ERISA actions pending in or hereinafter filed in this district against The Bear Stearns Companies Inc. ; (ii) appointing Drew V. Lounsbury as interim lead plaintiff on behalf of a proposed class of participants and beneficiaries of The Bear Stearns Companies Inc. Employee Stock Ownership Plan; and (iii) appointing his counsel, Stull, Stull & Brody, as interim class counsel for the proposed class in the consolidated action. This Motion is made pursuant to Fed. R. Civ. P. 23(g) and 42(a) and the Manual for Complex Litigation-Fourth (2005). This Motion is based on the accompanying Memorandum of Points and Authorities in Support thereof and the Declaration of Edwin J. Mills filed herewith. Case 1:08-cv-02804-RWS Document 9 Filed 04/10/2008 Page 5 of 6 Dated: April 10, 2008 STULL, STULL & BRODY By: s/ Edwin J. Mills . Edwin J. Mills (EM-7117) Howard T. Longman (HL-2489) Michael J. Klein (MK-8187) 6 East 45th Street New York, NY 10017 Tel: (212) 687-7230 Fax: (212) 490-2022 KANTROWITZ GOLDHAMER & GRAIFMAN, P.C. Gary S. Graifman Michael L. Braunstein Reginald H. Rutishauser 747 Chestnut Ridge Road Chestnut Ridge, New York 10977 Tel: (845) 356-2570 Fax: (845) 356-2570 Attorneys for Plaintiff Drew V. Lounsbury Case 1:08-cv-02804-RWS Document 9 Filed 04/10/2008 Page 6 of 6