Lead Plaintiffs; Counsel Appointed Today in Securities Actions

U.S. District Court Judge Dennis Cavanaugh just entered an order appointing the so called "Public Pension Funds" as Lead Plaintiffs in the securities actions, which will be henceforth known as "In Re Schering Plough Corporation/ENHANCE Litigation (Case No. 2:08-397, Lead Case in the Securities Class Action)".

This means that very significantly-interested, sophisticated senior executives of a series of institutional investors will make the decisions that guide this litigation, on behalf of all the various investor-plaintiffs in this putative federal securities law class-action. That is not particularly good news for Schering-Plough, and its counsel. As ever, click the images, above and below, to enlarge them: