City of Pontiac General Employees' Retirement System v. Lockheed Martin Corp.
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM ORDER
JED S. RAKOFF, United States Magistrate Judge.
In this securities class action suit filed against Lockheed Martin Corporation and three Lockheed executives, the City of Pontiac General Employees’ Retirement System (“the Retirement System”) sought to be appointed “lead plaintiff,” pursuant to the Private Securities Litigation Reform Act of 1995 (“PSLRA”). See 15 U.S.C. § 78u-4(a)(3)(B). After hearing testimony from Ellen Zimmerman, the designated representative of the Retirement System, and considering the parties’ oral and written arguments, this Court issued a “bottom-line”…
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