Judge Rejects Objection To Meridian MDL Consolidation

Law360, New York (August 31, 2011, 1:51 PM EDT) -- A New York federal judge on Tuesday denied a request by derivative plaintiffs to have pretrial motions in their suit against Meridian Capital Partners Inc. over retirement funds' losses to Bernard L. Madoff separated from a securities class action against the company.

But U.S. District Judge Thomas P. Griesa left open the possibility that the concerns raised by derivative plaintiffs could be addressed as the pretrial schedule progresses. The derivative plaintiffs expressed concerns that pretrial motions in a complaint brought under the Employee Retirement Income Security...
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