The opinion of the court was delivered by: Seibel, J.
This Document Relates To All Actions
The Court has received a letter dated April 30, 2013 from Diogenes P. Kekatos of Seeger Weiss LLP (attached hereto as "Exhibit A"), written "on behalf of the organizing Plaintiffs," requesting that the Court, in advance of the May 17, 2013 conference, appoint Mr. Kekatos as Liaison Counsel, and appoint the following attorneys as Co-Lead Counsel: Fred Thompson of Motley Rice LLC, James R. Ronca of Anapol Schwartz, and Matthew McCauley of Parker Waichman LLP. Mr. Kekatos requests immediate appointment "so as to allow us to use the intervening two weeks to negotiate substantively with Defendants on the issues that the Court has directed."
The Court will consider Mr. Kekatos's proposal upon receipt of the following additional information:
Whether the "organizing Plaintiffs" include all known Plaintiffs (or their counsel), and if not, on behalf of which of the Plaintiffs Mr. Kekatos's proposal is presented, and whether other Plaintiffs (or their counsel) have objected to this proposal or wish to make alternative proposals;
If the proposal does not represent a consensus of all Plaintiffs' counsel, an explanation as to why three recommendations for each position were not made, (see Order No. 1 (Doc. 8), § VII.D);
An explanation as to why three Co-Lead Counsels are proposed,*fn1 what the proposed division of responsibility and authority among the three would be, why a Plaintiffs' Steering Committee and Plaintiffs' Executive Committee would also be necessary, and what their roles would be;
Certificates of good standing from the courts where the proposed Liaison and Co-Lead
Counsels are admitted to practice, (see Order No. 1, § VII.D); and A description of the proposed compensation arrangements as to Liaison and Co-Lead
Counsels, and the extent to which remaining Plaintiffs' counsel have concurred in or consented to such arrangements.