Gluck v. CellStar Corp.

How courts have described this case

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

• explaining that only the typicality and adequacy requirements of Rule 23 are involved when determining the lead plaintiff
• finding that “speculative assertions are insufficient” to demonstrate inadequacy
• stating that in determining whether a movant is entitled to presumptive 87 lead status, \[a] comprehensive reading of the statute reveals that [the movant] need only make a preliminary showing that it satisfies [the typicality and adequacy] requirements\
• expressing concern that creating subclass would “delegate more control and responsibility to the lawyers for the class and make the class representatives more reliant on the lawyers”
• number of shares purchased during class period, overall dollar investment, and estimate of probable losses
• “through the PSLRA, Congress has unequivocally expressed its preference for securities fraud litigation to be directed by large institutional investors”

Source: CourtListener parenthetical corpus (CC0).