IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA
March 12, 2007
RONALD SIEMERS, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY SITUATED, PLAINTIFF,
WELLS FARGO & CO.,WELLS FARGO FUNDS MANAGEMENT, LLC, WELLS CAPITAL MANAGEMENT, INC., H.D. VEST INVESTMENT SERVICES, WELLS FARGO INVESTMENTS, LLC, STEPHENS, INC., AND WELLS FARGO FUNDS TRUST, DEFENDANTS.
The opinion of the court was delivered by: William Alsup United States District Judge
NOTICE RE CLASS CERTIFICATION ISSUES
In the preparation of your class-certification submissions, counsel should be aware that any ruling on the proper scope of any class certification will govern both for litigation as well as settlement purposes. For example, if the class is limited to five funds on the class certification motion, it will not be expanded later for settlement purposes to all 90-plus funds. The reason is that if there is no standing to represent all 90-plus for one purpose, there is no standing to represent all 90-plus for the other. This is only one example.
IT IS SO ORDERED.
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