Judge Refuses To Pick Lead Plaintiff In Lehman Case

Law360, New York (September 10, 2008, 12:00 AM EDT) -- A federal judge has consolidated four putative Employee Retirement Income Security Act class actions against Lehman Brothers Holdings Inc., but he has refused to appoint a lead plaintiff and has derided the jockeying among the plaintiffs' attorneys for control of the case.

Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York signed off on an order on Sept. 4 that brought the four cases together under one umbrella, but he declined to appoint a lead plaintiff. He named Gainey...
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