A federal judge appeared poised Friday to block a novel approach to circumventing lead plaintiff orders in securities class actions.
San Jose U.S. District Judge Ronald Whyte issued a tentative ruling Thursday, the day before a hearing in In re McKesson HBOC Inc. Securities Litigation, 99-20743, saying the court was “inclined” to side with lead plaintiff’s counsel. New York’s Bernstein Litowitz Berger & Grossmann is trying to block solicitations by another firm attempting to bring a slew of individual suits against McKesson outside the pending class action.
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