Bowman

ORDER ADDRESSING MOTIONS FOR (1) CONSOLIDATION, (2) APPOINTMENT OF LEAD PLAINTIFF, (3) APPROVAL OF LEAD PLAINTIFF’S COUNSEL AND (4) IN CAMERA REVIEW OF DOCUMENTS

On May 1, 2000, the Court heard argument regarding motions for (1) consolidation, (2) appointment of lead plaintiff, (3) approval of lead plaintiffs counsel and (4) in camera review of documents. For the reasons set forth below, the Court will consolidate the lawsuits against Legato Systems, Inc., appoint The Policemen and Firemen Retirement System of the City of Detroit as lead plaintiff and approve the law firm of Bernstein Litowitz Berger & Grossmann LLP as lead plaintiffs counsel. With respect to the motion for in camera review of documents, the Court will assume for the purposes of its selection of lead plaintiff that the documents in question support their proponent’s position as to the nature of the Legato Group. The Court therefore concludes that it need not review the documents in camera or otherwise.

I. BACKGROUND

Before the Court are thirty-one related class action lawsuits asserting claims for securities fraud pursuant to sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (“1934 Act”) and Rule…