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IN RE FIRST BANCORP DERIVATIVE LITIGATION

No. 05 Civ. 9458(JSR).

407 F.Supp.2d 585 (2006)

In re FIRST BANCORP DERIVATIVE LITIGATION.

United States District Court, S.D. New York.

January 8, 2006.

Attorney(s) appearing for the Case

Brian M. Felgoise, Jenkintown, PA, William Bernard Federman, Federman & Sherwood, Oklahoma City, OK, Evan J. Smith, Brodsky & Smith, L.L.C., Mineola, NY, for Plaintiff.

Richard William Slack, Weil, Gotshal & Manges LLP, New York City, for Defendant.

MEMORANDUM

RAKOFF, District Judge.

By Order dated January 6, 2006, the Court (i) consolidated three actions under the joint heading In re First BanCorp Derivative Litigation, (ii) approved in principle the lead counsel proposal made by the plaintiffs' lawyers in those cases,1 and (iii) stayed discovery only for the six weeks necessary to resolve defendant First BanCorp's proposed motion under Rule 23.1, Fed.R.Civ...

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