After a client of the prominent class action firm (see Feb. 4, Jan. 11, Jul. 1, earlier posts) said that it no longer wanted to take the lead role in the case of In re Copper Mountain Securities Litigation, Judge Vaughn Walker, of the federal district court in San Francisco, wrote: “A class representative suing to rescue distressed plaintiffs may sometimes appear to be a prince. But, in reality, the heroic prince, perhaps, is actually a frog.” Earlier, the Ninth Circuit had used the case to strike down Judge Walker’s attempt to employ an auction method to select the lead counsel for plaintiffs. (Brenda Sandburg, “Judge: Class Action Prince Was Really a Frog”, The Recorder, Feb. 19). More: Lyle Roberts at 10b-5 Daily has more details.
Milberg Weiss client likened to frog
After a client of the prominent class action firm (see Feb. 4, Jan. 11, Jul. 1, earlier posts) said that it no longer wanted to take the lead role in the case of In re Copper Mountain Securities Litigation, Judge Vaughn Walker, of the federal district court in San Francisco, wrote: “A class representative suing […]
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