In re Herald, Primeo and Thema Funds Securities Litigation

Filing 60

ORDER: For the foregoing reasons, the motions for consolidation and appointment of lead plaintiff and lead counsel [# 15, 19, 23, 38, and 41] are granted in part and denied in part. The above-captioned actions are consolidated for pretrial purposes only. The actions are consolidated under the caption "In re Herald, Primeo and Thema Funds Securities Litigation," under File Number 09 Civ. 289 (RMB) (HBP). Repex Ventures is appointed Lead Plaintiff and Stull, Stull and Brody is appointed Lead Counsel of the Repex action; Cabilly is appointed Lead Plaintiff and Cohen Milstein is appointed Lead Counsel of the Leonhardt action; and Davis is appointed Lead Plaintiff and Murray, Frank & Sailer LLP is appointed Lead Counsel of the Perrone action. Lead Counsel are directed to coordinate their efforts so as to avoid any duplication of effort and/or unnecessary expense. The three Lead Counsel are hereby notified that the Court will not approve any future award of fees and/or expenses that unreasonably reflects duplication or inefficiency. Lead Counsel are directed to appear for a status conference before the Court on November 12, 2009 at 9:30 a.m. in Courtroom 21B of the Daniel Patrick Moynihan Courthouse, 500 Pearl Street, New York, New York. (Signed by Judge Richard M. Berman on 10/5/2009) (jfe)