In Re Network Associates, Inc., Securities Litigation

MEMORANDUM OPINION

APPOINTING LEAD PLAINTIFF (AMENDED)

ALSUP, District Judge.

INTRODUCTION

For two-thirds of a century, the federal securities laws have protected the integrity of the capital markets in America, in part through the policing effect of private securities class actions. Due to perceived abuses in such litigation, however, Congress enacted the Private Securities Litigation Reform Act of 1995 (“PSLRA”). One of its central provisions calls for the district court to appoint a “lead plaintiff’ in such cases. This provision, and its proper application, are at issue in three competing…