That is the lead counsel motion deadline date -- February 29. This firm, like all other plaintiff firms that file, hope to land a big shareholder to file as a class representative so the law firm may then have a shot at obtaining appointment lead counsel or co-lead counsel status. Lead counsel that is appointed by the court controls/runs the plaintiff side of the plaintiff side of the case. Lead counsel status pays off if the case that is filed is successful - more clout, more fees, etc. In my opinion, this case on file is extremely preliminary, and it may very well prove to be without merit, unsuccessful and/or much ado about nothing. Law firms that are the first to file have a better shot at lead the counsel position. These firms are prone to shoot first and find out later whether they have a case or not.
I remain long, and I have added shares today.
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