Wrenn v. Department of Treasury

How courts have described this case

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

• noting that even “where no opposition [to a lead plaintiff application] has been noted, Congress envisioned that courts still would play an independent, gatekeeping role to implement the PSLRA”
• “Congress’s principal focus, as reflected in the legislative history, was that plaintiff investors, and not their counsel, make the ultimate strategic decisions in litigation.”
• “Congress envisioned that courts still 10 would play an independent, gatekeeping role to implement the PSLRA.”
• “The Lead Plaintiff decision should be made under a rule of reason but in most cases three should be an initial target, with five or six as the upper limit”
• the SEC states in its memorandum that “a court generally should only approve a group that is small enough to be capable of effectively managing the litigation and the lawyers”
• refusing to appoint group of 20 investors as lead plaintiff

Source: CourtListener parenthetical corpus (CC0).