Ponce v. McGrath

How courts have described this case

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

• holding that in class action suits, in order to have standing under § 12(a)(2), the plaintiff must allege he was directly solicited by or purchased from the defendants
• noting that after a lead plaintiff withdraws, “[1]t only stands to reason that the appropriate lead plaintiff would be the next “most adequate” plaintiff under the PSRLA
• considering motion to be appointed as substitute lead plaintiff filed within sixty days of the withdrawal of the previous lead plaintiff
• establishing a new 60-day period during which parties can submit new lead plaintiff motions
• establishing standard for deciding a motion for appointment of substitute lead plaintiffs
• granting motions to substitute lead plaintiffs where appointed lead plaintiffs had withdrawn

Source: CourtListener parenthetical corpus (CC0).