District Court, N.D. California May 31, 2001, C-00-4263 VRW, C-00-3894 VRW (In Re Quintus Securities Litigation)

ORDER

WALKER, District Judge.

Under F.R.C.P. 23, the court, lead plaintiff and class counsel are fiduciaries for absent class members. Although their respective roles differ, each of these fiduciaries must undertake to ensure that the class receives competent representation at a fair cost.