Farmers Bank v. Richardson

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the failure to correct clerical errors does not “strike at the heart of Rule 23’s adequacy requirement”
• rejecting a group whose members were introduced to each other through counsel and whose only involvement was “a single conference call”
• weighing fact that “plaintiffs do appear to be quite sophisticated,” although ultimately not approving group
• rejecting lead-plaintiff group, despite sophistication, because group appeared to be “cobbled together” by lawyers and likely to create “case control problems and rival disagreements, resulting in delay and increased expense”
• \If a loss is not Dura eligible then it is not redressable through the putative class action[.]\
• “The PSLRA vests authority in the lead plaintiff to select lead counsel, subject to approval by the Court.” (citing 15 U.S.C.A. § 78u-4(a)(3))

Source: CourtListener parenthetical corpus (CC0).