The pre-eminent class action firm (see Jul. 1 and earlier coverage) has been splitting into two separate firms, and in case you doubted it, the New York and San Diego offices have taken positions adversarial to each other in securities class actions filed against the NYSE’s specialist trading firms. Lyle Roberts at 10b-5 Daily comments (Dec. 22; Jason Hoppin, “Firm at War With Itself”, The Recorder, Dec. 22). See also Sue Reinsinger, “Milberg’s Breakup Isn’t a Quickie”, National Law Journal, Dec. 16; Anthony Lin, “Milberg Weiss Taken to Task For Conduct in WorldCom Case”, New York Law Journal, Nov. 19)
Milberg’s split
The pre-eminent class action firm (see Jul. 1 and earlier coverage) has been splitting into two separate firms, and in case you doubted it, the New York and San Diego offices have taken positions adversarial to each other in securities class actions filed against the NYSE’s specialist trading firms. Lyle Roberts at 10b-5 Daily comments […]
Comments are closed.