Samuel H. Rudman, a partner at Coughlin Stoia Geller Rudman & Robbins, writes that the holding in W.R. Huff is in line with the PSLRA, which requires courts to appoint as lead plaintiff the class member that can fairly and adequately represent the interests of the class. To appoint an investment adviser who lacks an actual financial interest in the relief sought would be contrary to one of the fundamental principles of the PSLRA, he notes, which is to appoint as lead plaintiff, those "class members with large amounts at stake."
Font Size: 
Securities Class Action Litigation
New York Law Journal
January 30, 2009
This content is now available at LexisNexis®.
The ALM® and LexisNexis® Content Alliance
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM’s legal news publications. LexisNexis® customers will be able to access and use ALM’s content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM’s other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM’s content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
If you are not currently a LexisNexis subscriber, contact 1-800-227-4908 to find out more or click here to have a customer representative contact you directly.
