Police and Fire Retirement System of the City of Detroit et al v. Indymac MBS, Inc. et al

Filing 58

ORDER CONSOLIDATING RELATED ACTIONS, APPOINTING THE WYOMING FUNDS AS LEAD PLAINTIFF, APPROVING THEIR SELECTION OF LEAD COUNSEL AND DISPOSING OF OTHER MOTIONS: Having considered the competing motions to consolidate the above-captioned actions to appoi nt Lead Plaintiffs and for approval of their selection of Lead Counsel, and good cause appearing, IT IS HEREBY ORDERED THAT: The above-captioned actions are consolidated for all purposes. This Order shall apply to the Consolidated Action and to each that is subsequently filed in this Court or transferred to this Court that relates to the same subject matter as in the Consolidated Action. A Master Docket and Master File shall be established for the Consolidated Action. The Clerk shall file all pleadings in the Master File and note such filings on the Master Docket. All orders, pleadings, motions and other documents shall, when filed and docketed in the Master Filed, be deemed filed and docketed in each of the individual actions, unless o therwise stated. When an order, pleading, motion or other document is filed with a caption indicating that it is applicable to fewer than all of these consolidated cases, the clerk shall file such document in the Master File and note such filing in t he Master Docket and in the docket of each action referenced. An original of this Order shall be filed by the Clerk in the Master File. The Clerk shall mail a copy of this Order to counsel of record in the Consolidated Action. Every pleading in th e Consolidated Action shall bear the following caption. In Re IndyMac Mortgage-Backed Securities Litigation, MASTER DOCKET, 09 Civ. 4583. The Court hereby concludes that the Wyoming Funds are the "most adequate plaintiff" and that they sat isfy the requirements of Section 77z-1 of the Private Securities Litigation Reform Act of 1995. The Court hereby appoints the Wyoming Funds as Lead Plaintiff in the Consolidated Action and any related action subsequently transferred to, or filed wit h, this Court. The Wyoming Funds have selected the law firm of Berman DeValerio to serve as Lead Counsel, and the Court accepts this choice and hereby appoints Berman DeValerio as Lead Counsel for the Consolidated Action. The Wyoming Funds shall cau se a consolidated amended complaint to be filed with the court and served on defendants' counsel within sixty (60) days of the date of entry of this Order. The competing motions for designation as Lead Plaintiff and Lead Counsel [09 Civ. 4583 DI# 14, 17]. The Clerk shall terminate also 09 Civ. 5933 DI #2 and 09 Civ. 4583 (DI #10). (Signed by Judge Lewis A. Kaplan on 7/29/09) Filed In Associated Cases: 1:09-cv-04583-LAK, 1:09-cv-05933-LAK(tro)