New York Law School v. Ascot Partners, L.P. et al

Filing 52

ORDER (1) New York Law School and Scott Berrie are HEREBY APPOINTED as Co-Lead Plaintiffs on behalf of the Ascot Fund and Gabriel Fund investors, and Jacob E. Finkelstein CGM IRA Rollover Custodian is HEREBY APPOINTED Co-Lead Plaintiff on behalf of the Ariel Fund investors; (2) Abbey Spanier Rodd and Abrams LLP is HEREBY APPOINTED Co-Lead Counsel on behalf of Co-Lead Plaintiffs New York Law School and Scott Berrie, and Wolf Haldenstein Adler Freeman & Herz LLP is HEREBY APPOINTED Co-Lead Counsel on behalf of Co-Lead Plaintiff Jacob E. Finkelstein CGM IRA Rollover Custodian; (3) New York Law School, Scott Berrie and Jacob E. Finkelstein CGM IRA Rollover Custodian are permitted to prosecute specific issues that are distinct between the Ariel Fund Co-Lead Plaintiff and those issues of the Ascot Fund and Gabriel Fund Co Lead Plaintiffs, however, with respect to overlapping issues, the Parties and its counsel are HEREBY ORDERED to work together to avoid duplication and any unnecessary cost to the Defendants, Classes and the Court. (4) Plaintiffs shall file a Consolidated Third Amended Complaint within 30 days of the date of this Order; (5) Defendants shall move or answer within 45 days after the filing of the Consolidated Third Amended Complaint; (6) Upon motion of any party, any other actions now pending or later filed in this district which arise out of or are related to the same facts as alleged in the above-identified case shall be consolidated for all purposes with the current lead plaintiff and lead counsel structure, if and when they are brought to the Court's attention. SO ORDERED. (Signed by Judge Deborah A. Batts on 5/12/2010) (tve) Modified on 5/20/2010 (tve).