Summary
consolidating securities class actions because the cases arose from the same set of facts, and "[e]ach of the Related Actions [was] filed pursuant to various provisions of the federal securities laws, and name[d] the same or similar defendants"
Summary of this case from Montesano v. Eros Int'l PLCOpinion
Civil Action Nos. 04-4980 (JCL), 04-5129 (JCL), 04-5133 (JCL), 04-5498 (JCL), 04-5922 (JCL), 04-5923 (JCL).
August 10, 2005
MEMORANDUM AND ORDER
Before the Court is Magistrate Judge Falk's May 19, 2005 Report and Recommendation (RR) recommending that the above-captioned related securities class action cases be consolidated and that the Court grant the Motion of Senthilnathan Narayanan and Robert Farber (collectively, the "Narayanan Group") as co-lead plaintiffs and Cohen, Milstein, Hausfeld Toll, P.L.L.C. as lead counsel. Defendants joined in the motion for consolidation and did not oppose the Motion for lead plaintiffs. No objections have been filed to the RR.
There were competing Motions for lead plaintiff and lead counsel. Anthony Curzio, Michael Juppe, and Philip Ritchie moved for appointment as lead plaintiffs and for Lerach Coughlin Stoia Geller Rudman Robbins LLP and Lite DePalma, Greenberg Rivas, LLC to be approved as lead counsel.
The Court adopts Judge Falk's RR in its entirety. These matters shall be consolidated, the Narayanan Group's Motion to be appointed as lead plaintiffs shall be granted, and Cohen, Milstein, Hausfeld Toll shall be approved as lead counsel.
Accordingly, IT IS on this 10th day of August 2005,
ORDERED that Magistrate Judge Falk's Report and Recommendation dated May 19, 2005 is adopted and it is further
ORDERED that the securities class action matters docketed as Civil Action Nos. 04-4980(JCL), 04-5129(JCL), 04-5133(JCL), 04-5498(DMC), 04-5922(JCL), 04-5923(JCL) be consolidated; and it is further
ORDERED that the Motion of the Narayanan Group to be appointed as lead plaintiff is granted; and it is further ORDERED that Cohen, Milstein, Hausfeld Toll is approved as lead counsel.