Judicial Panel on Multidistrict Litigation Issues Order on N.Y. Area Employee Retirement Income Security Act
IN RE:
ORDER DENYING TRANSFER
Before the Panel: Purported class defendants move under 28 U.S.C. Sec. 1407 to centralize this litigation in the
Responding defendants/2 oppose centralization.
On the basis of the papers filed,/3 we are not persuaded that centralization is necessary for the convenience of the parties and witnesses or to further the just and efficient conduct of this litigation. The actions contain common factual questions, inasmuch as all began as similar derivative actions brought in
The factual overlap among the actions is not surprising, given the highly similar complaints in each case. The Section 1407 motion seeks to centralize four actions removed from state court (where counsel for movants
We are not convinced that centralization will add any, much less any significant, efficiencies to this litigation. We have long held that our "primary purpose is not to divine the motives and strategies of the various litigants .... Nevertheless, where a Section 1407 motion appears intended to further the interests of particular counsel more than those of the statute, we would certainly find less favor with it." In re:
We need not reach the issue of precisely why these cases are now here before us. This litigation involves only four actions pending in two districts before two judges in the same state. Where only a few actions are involved, the proponent of centralization bears a heavier burden to demonstrate that centralization is appropriate. See In re:
IT IS THEREFORE ORDERED that the motion for centralization of these actions is denied./5
PANEL ON MULTIDISTRICT LITIGATION
* * *
Footnotes:
1/ The motion for centralization initially included 33 actions, but 29 actions pending in the
2/ Kingsbridge Heights Receiver,
3/ On
4/ Indeed, harassment of the courts and the general public also may be on
5/ Defendants' request for sanctions is denied.


APOLLO Insurance Partners with RATESDOTCA to Offer Their Customers Access to Embedded Digital Insurance
ProMedica can drop McLaren St. Luke's insurance coverage, appeals court says
Advisor News
- How much could failure to fund Social Security cost average Americans?
- How can more Americans achieve financial independence?
- Savers vs. spenders: How money management attitudes impact financial confidence
- Demonstrating the value of life insurance to Gen Z
- Poor money habits are a dealbreaker in a new relationship
More Advisor NewsAnnuity News
- Canvas steps into the direct-to-consumer market that has yet to take off
- The next growth phase in life/annuities depends on modernization
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
More Annuity NewsHealth/Employee Benefits News
- Atrium pushes back after State Health Plan leaves healthcare network out of Tier 1
- BUILDING A COMPETITIVE BENEFITS PACKAGE IN 7 EASY WAYS
- People with this Medicare plan could soon go out-of-network at UHealth hospitals
- Findings from Yonsei University Advance Knowledge in Demography (Different Understandings of Scientific Research in the Use of De-identified Personal Sensitive Data: South Korea, in Comparative Perspectives): Science – Demography
- Data on Influenza Vaccines Discussed by Researchers at University of Lucerne (Keep Reminding Me To Get My Flu Shot): Immunization and Public Health – Influenza Vaccines
More Health/Employee Benefits NewsLife Insurance News
- Best’s Market Segment Report: AM Best Maintains Stable Outlook on South Korea’s Non-Life Insurance Market
- Horace Mann Strengthens Customer Relationships and Accelerates Long-Term Growth Through Transactions with Medical Mutual of Ohio
- Regulators: ‘No firm conclusions’ from first offshore reinsurance filings
- Allianz Life Study Finds Americans Struggle to Shift From Retirement Saving to Spending
- The next growth phase in life/annuities depends on modernization
More Life Insurance News