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Lighthouse Financial Group v. The Royal Bank of Scotland Group, plc et al

MEMORANDUM OF LAW in Opposition re: 29 MOTION to Consolidate Cases 11-cv1162. MOTION to Appoint Irving Firemen's Relief and Retirement Fund and Bricklayers and Masons' Local Union No. 5, Ohio Pension Fund to serve as lead plaintiff

5 Cited authorities

  1. In re Cendant Corp. Litigation

    264 F.3d 201 (3d Cir. 2001)   Cited 712 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. In re Flag Telecom Holdings

    574 F.3d 29 (2d Cir. 2009)   Cited 353 times   2 Legal Analyses
    Holding that plaintiffs' evidence of news events and the expert's event study did not provide sufficient evidence of causation

  3. In re Cavanaugh

    306 F.3d 726 (9th Cir. 2002)   Cited 347 times
    Holding that that options traders can satisfy the typicality requirement and serve as a lead plaintiff

  4. Rule 23 - Class Actions

    Fed. R. Civ. P. 23   Cited 34,896 times   1234 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"

  5. Section 78u-4 - Private securities litigation

    15 U.S.C. § 78u-4   Cited 7,460 times   48 Legal Analyses
    Granting courts authority to permit discovery if necessary "to preserve evidence or to prevent undue prejudice to" a party