Case 3:14-cv-00682-JRS Document 25 Filed 11/06/14 Page 1 of 2 PageID# 485 UNITED STATES DISTRICT COURT EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION CITY OF PONTIAC GENERAL EMPLOYEES' RETIREMENT SYSTEM, on behalf of itself and all others similarly situated, Plaintiff, Civil Action No. 3.-14-CV-682 v. GENWORTH FINANCIAL, INC., era/., Defendant. ORDER THIS MATTER is before the Court on four Motions for Appointment as Lead Plaintiff and Approval of Lead Counsel. First, the Motion ofthe IWA Forest Industry Pension Plan for Appointment as Lead Plaintiff and Approval of its Selection of Lead Counsel ("IWA Forest Motion") (ECF No. 4). Second, the Motion of Carlos Viera to be Appointed Lead Plaintiff and to Approve Proposed Lead Plaintiffs Choice of Counsel ("Viera Motion") (ECF No. 5). Third, the Motion of Her Majesty the Queen in Right of Alberta ("Alberta") and Fresno County Employees' Retirement Association ("Fresno") for Appointment as Lead Plaintiffs and Approval of their Selection of Lead Counsel ("Alberta and Fresno Motion") (ECF No. 12). Fourth, the Motion of Sjunde AP-Fonden for Appointment as Lead Plaintiff and Approval of its Selection of Counsel ("AP-Fonden Motion") (ECF No. 9). Additionally, Sjunde AP-Fonden filed a Motion to Withdraw the aforementioned AP-Fonden Motion ("Motion toWithdraw") (ECF No. 17). Arebuttable presumption exists that the most adequate lead plaintiff is the one that: (1) filed the complaint ormade a motion in response tothe notice ofthe purported class; (2) has the largest financial interest in the lawsuit; (3) and satisfies the requirements of Rule 23 of the Federal Rules ofCivil Procedure. 15 U.S.C. § 78u-4(a)(3)(B)(iii). Case 3:14-cv-00682-JRS Document 25 Filed 11/06/14 Page 2 of 2 PageID# 486 Alberta and Fresno satisfy these criteria. They have made a motion in response to notice of the class and assert that they have sustained losses of more than $4.8 million resulting from the alleged securities fraud. All other movants concede that they have not sustained a greater loss than the loss suffered by the proposed lead plaintiffs. Furthermore, the Court finds thatthe proposed lead plaintiffs meet the requirements of Rule 23 of the Federal Rules of Civil Procedure. Accordingly, the Court GRANTS the Alberta and Fresno Motion and APPOINTS Alberta and Fresno as leadplaintiffs in the present action. Furthermore, the Court finds that the law firms of Bleichmar Fonti Tountas &Auld LLP ("BFTA") and Bernstein Litowitz Berger &Grossmann LLP ("Bernstein Litowitz") meet the standards outline in 15 U.S.C. §78u-4(a)(3)(B)(v). Accordingly, the Court APPOINTS BFTA and Bernstein Litowitz as lead counsel. Therefore, the IWA Forest Motion, Viera Motion and AP-Fonden Motion are hereby DENIED and the Motion to Withdraw is DENIED as MOOT. Pursuant to Rule 42(a) of the Federal Rules of Civil Procedure, any subsequently filed, removed or transferred actions that are related to the claims asserted in the above-captioned action are CONSOLIDATED for allpurposes. Lastly, this action shall be captioned In re Genworth Financial, Inc. Securities Litigation, Civil Action Number 3:i4-cv-oo682. The parties are DIRECTED to file future pleadings in that style. Letthe Clerk send a copy ofthis Orderto all counsel of record. It is SO ORDERED. M. James R. Spencer Senior U. S. District Judge ENTERED this 6th day ofNovember 2014.
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