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In re Herley Industries Inc. Securities Litigation

United States District Court, E.D. Pennsylvania
Jan 15, 2009
CIVIL ACTION, No. 06-2596 (E.D. Pa. Jan. 15, 2009)

Summary

holding that an investment advisor had no standing and the third-party exception did not apply, because there was no evidence that the funds could not sue on their own behalf

Summary of this case from OFI Risk Arbitrages v. Cooper Tire & Rubber Co.

Opinion

CIVIL ACTION, No. 06-2596.

January 15, 2009


ORDER


AND NOW, this 15th day of January, 2009, it is ORDERED:

• Galleon Management is allowed to withdraw as Lead Plaintiff and as a class representative;
• Class Representative Plaintiff Norfolk County Retirement System is named Lead Plaintiff;
• Kirby McInerney LLP and Labaton Sucharow LLP are named co-lead counsel.


Summaries of

In re Herley Industries Inc. Securities Litigation

United States District Court, E.D. Pennsylvania
Jan 15, 2009
CIVIL ACTION, No. 06-2596 (E.D. Pa. Jan. 15, 2009)

holding that an investment advisor had no standing and the third-party exception did not apply, because there was no evidence that the funds could not sue on their own behalf

Summary of this case from OFI Risk Arbitrages v. Cooper Tire & Rubber Co.

stating the PSLRA's lead plaintiff provisions were "meant to increase the role of institutional investors, who could then exert tighter control over class counsel and who have the greatest incentive to secure a large recovery for the class"

Summary of this case from In re Herley Industries Inc. Securities Litigation
Case details for

In re Herley Industries Inc. Securities Litigation

Case Details

Full title:IN RE HERLEY INDUSTRIES INC. SECURITIES LITIGATION

Court:United States District Court, E.D. Pennsylvania

Date published: Jan 15, 2009

Citations

CIVIL ACTION, No. 06-2596 (E.D. Pa. Jan. 15, 2009)

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