In re Seitel, Inc. Securities Litigation

*265 ORDER

VANESSA D. GILMORE, District Judge.

Pending before the Court is Plaintiffs’ Motion for Class Certification. (Instrument No. 179). The Court heard oral argument from the parties on the motion on April 13, 2007.

I

This suit was originally filed in 2002 as a securities class action against Seitel, Inc. (“Seitel”), certain of its current and former officers and directors (the “Management Group”), and Ernst & Young LLP (“Defendant” or “E & Y”), alleging fraudulent accounting practices and false statements regarding the timing of revenue recognition, in violation of Section 10(b) and 20(a) of…