mitchell m.z. twersky (mt-6739) lawrence d. levit (ll … m.z. twersky (mt-6739) lawrence d. levit...

Mitchell M.Z. Twersky (MT-6739)

Lawrence D. Levit (LL-9507)

ABRAHAM, FRUCHTER & TWERSKY, LLP

One Penn Plaza, Suite 2805

New York, New York 10119

Tel: (212) 279-5050

Fax: (212) 279-3655

Proposed Co-Lead Counsel for Plaintiffs

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK

---------------------------------------------------------- x

:

MARY K. JONES, Individually and on Behalf :

of All Others Similarly Situated, :

:

Plaintiff, : Civil Action No. 10-cv-03864-AKH

:

-against- :

: JUDGE ALVIN K. HELLERSTEIN

PFIZER INC., HENRY A. McKINNELL, :

JEFFREY B. KINDLER, FRANK :

D’AMELIO, DAVID L. SHEDLARZ, ALAN :

G. LEVIN and IAN C. READ, : ECF Case

:

Defendants. :

:

---------------------------------------------------------- x

DECLARATION OF MITCHELL M.Z. TWERSKY IN REPLY

AND IN FURTHER SUPPORT OF THE MOTION OF OKLAHOMA

FIREFIGHTERS PENSION AND RETIREMENT SYSTEM AND UNION

ASSET MANAGEMENT HOLDING AG FOR RECONSIDERATION OF

APPOINTMENT OF LEAD PLAINTIFF AND LEAD COUNSEL

Case 1:10-cv-03864-AKH Document 49 Filed 12/01/10 Page 1 of 5

1

I, Mitchell M.Z. Twersky, pursuant to 28 U.S.C. §1746, declare as follows:

1. I am a partner in the law firm of Abraham, Fruchter & Twersky, LLP, counsel for

proposed lead plaintiffs Oklahoma Firefighters Pension and Retirement System (“Oklahoma

Firefighters”) and Union Asset Management Holding AG (“Union”). I submit this declaration in

support of their motion for reconsideration of the appointment of lead plaintiff and lead counsel.

2. Attached hereto as Exhibit 1 is a true and correct copy of an Order in Hill v. State

Street Corp., No. 1:09-cv-12146-NG (D. Mass. May 5, 2010).

3. Attached hereto as Exhibit 2 is a true and correct copy of an Order in Minneapolis

Firefighers’ Relief Ass’n v. Medtronic, Inc., No. 08-6324 (PAM/AJB) (D. Minn. May 26, 2009).

4. Attached hereto as Exhibit 3 is a true and correct copy of an Order in Wesner v.

UBS, No. 1:07-cv-112255-RJS (S.D.N.Y. Mar. 6, 2008).

5. Attached hereto as Exhibit 4 is a true and correct copy of an Order in In re Dell

Inc., Sec. Litig., No. A-06-CA-726-SS (W.D. Tex. Apr. 9, 2007).

I declare under penalty of perjury under the laws of the United States that the foregoing is

true and correct.

Executed this 1st day of December, 2010, at New York, New York.

/s/ Mitchell M.Z. Twersky

Mitchell M.Z. Twersky

Case 1:10-cv-03864-AKH Document 49 Filed 12/01/10 Page 2 of 5

CERTIFICATE OF SERVICE

I hereby certify that on December 1, 2010, I authorized the electronic filing of the

foregoing with the Clerk of the Court using the CM/ECF system which will send notification of

such filing to the e-mail addresses denoted on the attached Electronic Mail Notice List, and I

hereby certify that I caused to be mailed the foregoing document or paper via the United States

Postal Service to the non-CM/ECF participants indicated on the attached Manual Notice List:

/s/ Mitchell M.Z. Twersky

Mitchell M.Z. Twersky

Case 1:10-cv-03864-AKH Document 49 Filed 12/01/10 Page 3 of 5

Mailing Information for a Case 1:10-cv-03864-AKH

Electronic Mail Notice List

The following are those who are currently on the list to receive e-mail notices for this case.

James M. Hughes

jhughes@motleyrice.com,erichards@motleyrice.com,kweil@motleyrice.com

Joe Kendall

administrator@kendalllawgroup.com,jkendall@kendalllawgroup.com,hlindley@kendalllawgroup.com

Leigh R. Lasky

lasky@laskyrifkind.com

Hamilton Philip Lindley

hlindley@goldfarbbranham.com

Donald Alan Migliori

dmigliori@motleyrice.com

William H. Narwold

bnarwold@motleyrice.com,imoll@motleyrice.com,vlepine@motleyrice.com,ajanelle@motleyrice.com

Willow E. Radcliffe

willowr@rgrdlaw.com,aromero@rgrdlaw.com

Joseph F. Rice

jrice@motleyrice.com

Henry Rosen

henryr@rgrdlaw.com

David Avi Rosenfeld

drosenfeld@rgrdlaw.com,e_file_ny@rgrdlaw.com,danim@rgrdlaw.com

Samuel Howard Rudman

srudman@rgrdlaw.com,e_file_ny@rgrdlaw.com

Mitchell M.Z. Twersky

mtwersky@aftlaw.com

Manual Notice List

The following is the list of attorneys who are not on the list to receive e-mail notices for this case (who therefore

require manual noticing). You may wish to use your mouse to select and copy this list into your word processing

program in order to create notices or labels for these recipients.

Catherine J. Kowalewski

Robbins Geller Rudman & Dowd LLP (San Diego)

655 West Broadway

Suite 1900

San Diego, CA 92101

                                                                                                                                                                     .

1 of 2 12/1/2010 6:27 PM

Case 1:10-cv-03864-AKH Document 49 Filed 12/01/10 Page 4 of 5

Danielle S. Myers

Robbins Geller Rudman & Dowd LLP (SANDIEGO)

655 West Broadway

Suite 1900

San Diego, CA 92101

Darren J. Robbins

Coughlin Stoia Geller Rudman & Robbins LLP

655 West Broadway, Suite 1900

San Diego, CA 92101

David C. Walton

Lerach, Coughlin, Stoia, Geller, Rudman & Robbins, L.L.P.

655 W. Broadway

Suite 1900

San Diego, CA 92101-3301

                                                                                                                                                                     .

2 of 2 12/1/2010 6:27 PM

Case 1:10-cv-03864-AKH Document 49 Filed 12/01/10 Page 5 of 5

EXHIBIT 1

Case 1:10-cv-03864-AKH Document 49-1 Filed 12/01/10 Page 1 of 4

UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF MASSACHUSETTS

TIMOTHY W. HILL, Individually and )

on Behalf of All Others Similarly )

Situated, Plaintiff, )

)

v. ) No. 1:09-cv-12146-NG

)

STATE STREET CORPORATION, )

RONALD E. LOGUE, EDWARD J. )

RESCH, PAMELA D. GORMLEY, )

AND JAMES J. MALERBA, Defendants. )

MARILYN DEMORY, on behalf of herself )

and all similarly situated persons, Plaintiff, )

)

v. ) No. 1:10-cv-10064-NG

)

STATE STREET CORPORATION, )

RONALD E. LOGUE, EDWARD J. )

RESCH, PAMELA D. GORMLEY, )

JAMES J. MALERBA, GOLDMAN, )

SACHS & CO., MORGAN STANLEY & )

CO. INC., CREDIT SUISSE SECURITIES )

LLC, LEHMAN BROTHERS INC., UBS )

SECURITIES LLC, TENLEY E. )

ALBRIGHT, KENNETT F. BURNES, )

TRUMAN S. CASNER, PETER COYM, )

NADER F. DAREHSHORI, AMEILIA C. )

FAWCETT, ARTHUR L. GOLDSTEIN, )

DAVID P. GRUBER, LINDA A. HILL, )

CHARLES R. LAMANTIA, MAUREEN J. )

MISKOVIC, RICHARD P. SERGEL, )

RONALD L. SKATES, GREGORY L. )

SUMME, DIANA CHAPMAN )

WALSH, ROBERT E. WEISSMAN, and )

ERNST & YOUNG LLP, Defendants. )

CASEY J. RICHARD, individually and on )

behalf of a class of persons similarly )

situated and for the benefit of the State )

Street Corporation Salary Savings Program, )

Plaintiff, )

)

v. ) No. 1:10-cv-10184-NG

Case 1:10-cv-10064-NG Document 17 Filed 05/07/10 Page 1 of 3Case 1:10-cv-03864-AKH Document 49-1 Filed 12/01/10 Page 2 of 4

)

STATE STREET CORPORATION; )

STATE STREET BANK AND TRUST )

COMPANY; NORTH AMERICA )

REGIONAL BENEFITS COMMITTEE OF )

STATE STREET CORPORATION; )

STATE STREET CORPORATION )

INVESTMENT COMMITTEE; JAYNE )

DONAHUE; PAMELA GORMLEY; )

DAVID GUTSHENRITTER; RICHARD )

LOGUE; JAMES MALERBA; DAVID )

O’LEARY; ALISON QUIRK; and JOHN )

DOES 1 - 10, Defendants. )

GERTNER, D.J.:

ORDER CONSOLIDATING RELATED ACTIONS, APPOINTING

LEAD COUNSEL, AND APPOINTING LEAD PLAINTIFF

This court hereby grants [3] Motion to Consolidate Cases, Appointment as Lead Plaintiff,

Approval of Their Selection of Lead Counsel by Public Employees’ Retirement System of

Mississippi, Union Asset Management Holding AG; denies [6] Motion to Consolidate Cases,

Appointment As Lead Plaintiff, and Selection of Lead and Liaison Counsel by Pension Fund Group;

denies [9] Motion to Consolidate Cases Motion for Appointment as Lead Plaintiff and Approval of

Lead Plaintiff’s Selection of Lead Counsel and Liaison Counsel by Miami Beach Employees

Retirement Plan.

I. CONSOLIDATION

The following actions are consolidated for all purposes pursuant to Federal Rule of Civil

Procedure 42(a): Hill v. State Street Corporation et. al., 09-cv-12146; Demory v. Logue et. al.,

10-cv-10064; Richard v. State Street Corporation et. al., 10-cv-10184. These actions involve a

common question of law or fact, Fed. R. Civ. P. 42(a), as well as common parties – the defendants.

The Consolidated Actions, together with all other actions which may subsequently be consolidated

pursuant to the provisions of this order, shall be collectively referred to as HILL v. STATE STREET

CORPORATION ET. AL., No. 1:09-cv-12146-NG. All docket entries for the Consolidated Actions

shall be made in the docket established for 09-cv-12146. The plaintiffs in the Consolidated Actions

shall file a Consolidated Amended Complaint (“Consolidated Complaint”) within fourteen (14) days

of the entry of this order. Defendants shall have fourteen (14) days from the date of service of the

Consolidated Complaint to answer or respond to that complaint, and no answer or response shall be

required to the complaints presently on file.

II. LEAD PLAINTIFF APPOINTMENT

Case 1:10-cv-10064-NG Document 17 Filed 05/07/10 Page 2 of 3Case 1:10-cv-03864-AKH Document 49-1 Filed 12/01/10 Page 3 of 4

This court appoints MPERS/Union as Lead Plaintiff in the Consolidated Actions.

III. LEAD COUNSEL APPOINTMENT

This court appoints (i) Berman DeValerio Pease Tabacco Burt & Pucillo, (ii) Bernstein Litowitz

Berger & Grossmann, and (iii) Motley Rice as Lead Counsel in the Consolidated Actions.

The court recognizes and shares National Automatic Sprinkler Industry Fund’s (NASI) concerns

about assuring fair and reasonable legal fees. If appropriate, at the conclusion of the case, lead

counsel will have to document and justify legal fees. The NASI’s request for intervention is

premature.

This order is merely procedural and does not affect the rights of any party.

SO ORDERED.

Date: May 7, 2010 /s/atÇvç ZxÜàÇxÜ-------------------------

NANCY GERTNER, U.S.D.C.

Case 1:10-cv-10064-NG Document 17 Filed 05/07/10 Page 3 of 3Case 1:10-cv-03864-AKH Document 49-1 Filed 12/01/10 Page 4 of 4

EXHIBIT 2

Case 1:10-cv-03864-AKH Document 49-2 Filed 12/01/10 Page 1 of 4

UNITED STATES DISTRICT COURT

DISTRICT OF MINNESOTA

Minneapolis Firefighters’ Relief Civil No. 08-6324 (PAM/AJB)

Association, et al.,

Plaintiffs,

v. ORDER

Medtronic, Inc., et al.,

Defendants.

This matter is before the Court on the Report and Recommendation (“R&R”) of

United States Magistrate Judge Arthur J. Boylan dated April 24, 2009. In the R&R,

Magistrate Judge Boylan recommends that the Court grant one group of Plaintiffs’ Motion

for Appointment of Lead Plaintiff and Counsel, and deny the City of Los Angeles’s

competing Motion. There have been no objections to the R&R filed in the time period

permitted. Accordingly, IT IS HEREBY ORDERED that:

1. The R&R (Docket No. 54) is ADOPTED;

2. The Motion by the Iron Workers (Docket No. 16) is DENIED as moot,

pursuant to stipulation;

3. The Motion of the Institutional Investor Group for Appointment as Lead

Plaintiffs and for Approval of its Selection of Counsel (Docket No. 20) is

GRANTED;

4. The City of Los Angeles’ Motion for Appointment as Lead Plaintiff and for

Case 0:08-cv-06324-PAM-AJB Document 57 Filed 05/26/2009 Page 1 of 3Case 1:10-cv-03864-AKH Document 49-2 Filed 12/01/10 Page 2 of 4

2

Approval of Lead Plaintiff’s Choice of Lead and Liaison Counsel (Docket No.

24) is DENIED;

5. The Motion of the Medtronic Institutional Investor Group for Appointment as

Lead Plaintiff and for Approval of its Selection of Lead Counsel and Liaison

Counsel (Docket No. 29) is GRANTED;

6. Any actions brought on behalf of the purchasers of the securities of Medtronic,

Inc., and that allege claims that are related to those asserted in this matter and

have been previously filed, removed, or transferred, or may subsequently be

filed, removed, or transferred, are hereby CONSOLIDATED for all purposes;

7. The Medtronic Institutional Investor Group, consisting of the Teachers

Retirement System of Oklahoma, Oklahoma Firefighters Pension Fund, Union

Asset Management Holding AG, and Danske Invest Management A/S, are

hereby APPOINTED to serve as lead plaintiff pursuant to 15 U.S.C. § 78u-

4(a)(3)(B), for purposes of prosecuting the consolidated litigation;

8. The laws firms of Barroway Topaz Kessler Meltzer & Check LLP, Bernstein

Litowitz Berger & Grossman LLP, Motley Rice LLC, and Grant & Eisenhofer

PA are hereby APPOINTED to jointly serve as class counsel. Chestnut &

Cambronne PA, are hereby APPOINTED liaison counsel for purposes of

coordinating litigation activities. Joint counsel are required to confer and

establish a formal leadership structure and formulate a general litigation and

task assignment plan to be submitted to the Court prior to the pretrial

Case 0:08-cv-06324-PAM-AJB Document 57 Filed 05/26/2009 Page 2 of 3Case 1:10-cv-03864-AKH Document 49-2 Filed 12/01/10 Page 3 of 4

3

scheduling conference. In addition, counsel are required to maintain itemized

and detailed time records and to categorize time records chronologically by

discrete event/activity rather than by attorney. If an event or activity takes

place for the benefit of the class, the time entry shall describe the event or

activity, list the names of all persons who participated, the time spent by each

person, and the requested billable rate that each person seeks to charge, in

accordance with a more detailed order concerning attorney fees to be issued

hereafter.

Dated: Tuesday, May 26, 2009

s/ Paul A. Magnuson Paul A. Magnuson

United States District Court Judge

Case 0:08-cv-06324-PAM-AJB Document 57 Filed 05/26/2009 Page 3 of 3Case 1:10-cv-03864-AKH Document 49-2 Filed 12/01/10 Page 4 of 4

EXHIBIT 3

Case 1:10-cv-03864-AKH Document 49-3 Filed 12/01/10 Page 1 of 7

Case 1:07-cv-11225-RJS Document 20 Filed 03/06/2008 Page 1 of 6Case 1:10-cv-03864-AKH Document 49-3 Filed 12/01/10 Page 2 of 7

Case 1:07-cv-11225-RJS Document 20 Filed 03/06/2008 Page 2 of 6Case 1:10-cv-03864-AKH Document 49-3 Filed 12/01/10 Page 3 of 7

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Case 1:07-cv-11225-RJS Document 20 Filed 03/06/2008 Page 4 of 6Case 1:10-cv-03864-AKH Document 49-3 Filed 12/01/10 Page 5 of 7

Case 1:07-cv-11225-RJS Document 20 Filed 03/06/2008 Page 5 of 6Case 1:10-cv-03864-AKH Document 49-3 Filed 12/01/10 Page 6 of 7

Case 1:07-cv-11225-RJS Document 20 Filed 03/06/2008 Page 6 of 6Case 1:10-cv-03864-AKH Document 49-3 Filed 12/01/10 Page 7 of 7

EXHIBIT 4

Case 1:10-cv-03864-AKH Document 49-4 Filed 12/01/10 Page 1 of 17

Case 1:06-cv-00726-SS Document 152 Filed 04/09/2007 Page 1 of 16Case 1:10-cv-03864-AKH Document 49-4 Filed 12/01/10 Page 2 of 17

Case 1:06-cv-00726-SS Document 152 Filed 04/09/2007 Page 2 of 16Case 1:10-cv-03864-AKH Document 49-4 Filed 12/01/10 Page 3 of 17

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Case 1:06-cv-00726-SS Document 152 Filed 04/09/2007 Page 7 of 16Case 1:10-cv-03864-AKH Document 49-4 Filed 12/01/10 Page 8 of 17

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Case 1:06-cv-00726-SS Document 152 Filed 04/09/2007 Page 10 of 16Case 1:10-cv-03864-AKH Document 49-4 Filed 12/01/10 Page 11 of 17

Case 1:06-cv-00726-SS Document 152 Filed 04/09/2007 Page 11 of 16Case 1:10-cv-03864-AKH Document 49-4 Filed 12/01/10 Page 12 of 17

Case 1:06-cv-00726-SS Document 152 Filed 04/09/2007 Page 12 of 16Case 1:10-cv-03864-AKH Document 49-4 Filed 12/01/10 Page 13 of 17

Case 1:06-cv-00726-SS Document 152 Filed 04/09/2007 Page 13 of 16Case 1:10-cv-03864-AKH Document 49-4 Filed 12/01/10 Page 14 of 17

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