context: Competing movants maintain that groups formed for the purposes of amassing the largest losses should not be considered to have the largest financial interest because these groups epitomize the type of lawyer-driven litigation reviled by the PSLRA.
citation_a.signal: see also
citation_a.identifier: 2002 WL 356760, at *2
citation_a.parenthetical: refusing to designate a movant group of three individuals lead plaintiff because "their decision making requires either (a) levels of coordination, negotiation, and collective action which far exceed that which would be necessary of an individual litigant or (b
citation_a.sentence: In re Telxon Corp. Sec. Litig., 67 F.Supp.2d 803, 815-16 (N.D.Ohio 1999) (denying lead plaintiff status to the Alsin Group, which contained eighteen investors who had no relation to one another, and deeming such an amalgamation of random people “inconsistent with the definition of group intended by the PSLRA, as revealed by the statute’s language, context, overall scheme, and purpose”); see also Crawford v. Onyx Software Corp., No. C01-1346L, 2002 WL 356760, at *2 (W-D.Wash. Jan.10, 2002) (refusing to designate a movant group of three individuals lead plaintiff because “their decision making requires either (a) levels of coordination, negotiation, and collective action which far exceed that which would be necessary of an individual litigant or (b) undue control by their lawyer-representatives”).
citation_b.signal: no signal
citation_b.identifier: 67 F.Supp.2d 803, 815-16
citation_b.parenthetical: denying lead plaintiff status to the Alsin Group, which contained eighteen investors who had no relation to one another, and deeming such an amalgamation of random people "inconsistent with the definition of group intended by the PSLRA, as revealed by the statute's language, context, overall scheme, and purpose"
citation_b.sentence: In re Telxon Corp. Sec. Litig., 67 F.Supp.2d 803, 815-16 (N.D.Ohio 1999) (denying lead plaintiff status to the Alsin Group, which contained eighteen investors who had no relation to one another, and deeming such an amalgamation of random people “inconsistent with the definition of group intended by the PSLRA, as revealed by the statute’s language, context, overall scheme, and purpose”); see also Crawford v. Onyx Software Corp., No. C01-1346L, 2002 WL 356760, at *2 (W-D.Wash. Jan.10, 2002) (refusing to designate a movant group of three individuals lead plaintiff because “their decision making requires either (a) levels of coordination, negotiation, and collective action which far exceed that which would be necessary of an individual litigant or (b) undue control by their lawyer-representatives”).