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PIPEFITTERS LOCAL NO. 636 DEFINED BENEFIT PLAN v. TEKELEC

No. 5:11-CV-4-D.

PIPEFITTERS LOCAL NO. 636 DEFINED BENEFIT PLAN, and NORFOLK COUNTY RETIREMENT SYSTEM, Plaintiffs, v. TEKELEC, FRANCO PLASTINA, WILLIAM H. EVERETT, and GREGORY RUSH, Defendants.

United States District Court, E.D. North Carolina, Western Division.

March 26, 2012.

Attorney(s) appearing for the Case

Pipefitters Local No. 636 Defined Benefit Plan, Plaintiff, represented by David A. Rosenfeld , Robbins Geller Rudman & Dowd LLP, Jonathan Gardner , Labaton Sucharow LLP, Mindy S. Dolgoff , Labaton Sucharow LLP & L. Bruce McDaniel , McDaniel & Anderson, L.L.P..

Tekelec, Defendant, represented by David H. Kistenbroker , Katten Muchin Rosenman, LLP, Carl E. Volz , Katten Muchin Rosenman, LLP, Michael J. Lohnes , Katten Muchin Rosenman, LLP & Richard L. Farley , Katten Muchin Rosenman LLP.

Franco Plastina, Defendant, represented by David H. Kistenbroker , Katten Muchin Rosenman, LLP, Carl E. Volz , Katten Muchin Rosenman, LLP, Michael J. Lohnes , Katten Muchin Rosenman, LLP & Richard L. Farley , Katten Muchin Rosenman LLP.

William H. Everett, Defendant, represented by David H. Kistenbroker , Katten Muchin Rosenman, LLP, Carl E. Volz , Katten Muchin Rosenman, LLP, Michael J. Lohnes , Katten Muchin Rosenman, LLP & Richard L. Farley , Katten Muchin Rosenman LLP.

Gregory Rush, Defendant, represented by David H. Kistenbroker , Katten Muchin Rosenman, LLP, Carl E. Volz , Katten Muchin Rosenman, LLP, Michael J. Lohnes , Katten Muchin Rosenman, LLP & Richard L. Farley , Katten Muchin Rosenman LLP.

Norfolk County Retirement System, Movant, represented by David A. Rosenfeld , Robbins Geller Rudman & Dowd LLP, Jonathan Gardner , Labaton Sucharow LLP, L. Bruce McDaniel , McDaniel & Anderson, L.L.P. & Mindy S. Dolgoff , Labaton Sucharow LLP.

ORDER

JAMES C. DEVER, III, Chief District Judge.

Pipefitters Local No. 636 Defined Benefit Plan ("Pipefitters") and Norfolk County Retirement System ("Norfolk") (collectively, "plaintiffs") are unhappy with some investments they made between February 2010 and August 2010. On January 6, 2011, Pipefitters, as lead plaintiff, filed a class action complaint alleging various securities law violations against Tekelec, Franco Plastina ("Plastina"), William H. Everett...

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