Thursday, November 12, 2009

9th Circuit rules on appointment of counsel under the PSLRA

The Ninth Circuit has ruled in Cohen v. Northern District of California, 2009 WL 3681701, that the PSLRA gives district judges the authority to appoint the lead plaintiff in securities class actions, but that this power does not extend to appointing lead counsel.  The American Lawyer reports here.

RJE

http://lawprofessors.typepad.com/civpro/2009/11/9th-circuit-rules-on-appointment-of-counsel-under-the-pslra.html

Class Actions, Recent Decisions | Permalink

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