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19 Sep 2007, 3:29 pm
Nathan Koppel of the Wall Street Journal reports today on the guilty plea by leading class action plaintiff lawyer William Lerach to criminal conspiracy charges arising out of illegal kickbacks to plaintiffs in class action shareholder lawsuits. [read post]
19 Sep 2007, 8:50 am
Lerach has agreed to plead guilty [press release] to conspiracy to obstruct justice charges in a plot in which Milberg Weiss allegedly paid up to $11.3 million in illegal kickbacks since 1984 to individuals to serve as lead plaintiffs in class action and shareholder derivative lawsuits. [read post]
19 Sep 2007, 2:20 am
The stakes are high, and the courts are likely not only to hear such cases, but also to award large damages to plaintiffs. [10] The only sure winners are the lawyers, who have found lucrative new opportunities for future claims. [11] Many law firms are already considering potential class action suits against big brand names such as Mattel for defective toys and Tween Brands (owner of Limited Too and Justice Stores) for lead jewelry. [12] Such U.S. companies will… [read post]
18 Sep 2007, 11:12 am
Securities Fraud Class Action Plaintiff Lawyer William Lerach Reportedly Agrees to Plead Guilty to Conspiracy in Paying Kickbacks to Class Representative On the heels of our report that William Lerach announced his resignation in order to focus his energies on defending himself against the as-then unannounced criminal charges leveled against him in the wake of the federal court indictment of Milberg Weiss and two of its named partners, Molly Selvin reports today that… [read post]
18 Sep 2007, 5:15 am
The plaintiffs in all three suits claim to be, or claim to be members of a class of, family members or legal heirs of individuals allegedly killed by armed groups that received payments from the company’s former Colombian subsidiary. [read post]
17 Sep 2007, 5:50 pm
It also mandates that the lead plaintiff certify the absence of arrangements for him, her, or it to receive extra benefits from the class action. [read post]
17 Sep 2007, 10:45 am
" (Emphasis added) The initial plaintiffs' good fortune in finding (and diligence in searching for) a pro bono attorney, along with the possibility of a class action, create a ray of hope for Pinnacle Group tenants. [read post]
17 Sep 2007, 5:21 am
Applying federal privilege law to the jurisdictional discovery, as Judge Roby ordered, would lead to an awkward result: the privilege would not be recognized at this early stage of the litigation, yet it might later be raised in conjunction with plaintiff's state law claims. [read post]
17 Sep 2007, 12:56 am
O'Quinn's law firm to pay a little more to a class of 3,450 former breast implant clients who allege O'Quinn's firm overcharged them for expenses. [read post]
13 Sep 2007, 10:48 am
More important to our analysis, however, plaintiff does not suggest that each of these proposed class members, receiving the same information from defendant, reacted in a uniform or even similar manner.2007 WL 2493917, at *9 (emphasis added). [read post]
11 Sep 2007, 12:03 pm
Manufacturing venue leads to overly aggressive litigation behavior, which deters legitimate innovation. [read post]
11 Sep 2007, 11:15 am
Briggs appeals his conviction for class A misdemeanor resisting law enforcement. [read post]
10 Sep 2007, 1:02 am
This week, Quinn Emanuel Urquhart Oliver & Hedges is moving leading constitutional law scholar Kathleen M. [read post]
8 Sep 2007, 6:59 am
Which leads me to my next point. [read post]
7 Sep 2007, 7:03 am
Plaintiff's lawyer in the New Jersey class action filed a motion with the Judicial Panel for Multidistrict Litigation (MDL) requesting centralization of the class actions pursuant to 28 U.S.C. [read post]
7 Sep 2007, 12:48 am
Economics are driving the split, since younger attorneys want to make more money, be the primary client contact or be lead trial counsel. [read post]
6 Sep 2007, 12:51 pm
Since Plaintiff seeks certification of an Illinois-only class, none of the complications of a multi-state class action is present here. [read post]
5 Sep 2007, 11:10 pm
So, against that backdrop, imagine my surprise when I came across this recent Steffy column in which he defends embattled securities fraud plaintiff's lawyer, Bill Lerach. [read post]
5 Sep 2007, 10:51 am
Although the effect of these transmissions is to get the deal done effectively, it creates the risk of waiving privilege in legal advice that may be contained within the document and associated e-mails - or opening up this argument to regulators and other authorities or plaintiffs in class proceedings so they can try to get access to these e-mails and draft documents. [read post]
5 Sep 2007, 7:39 am
May 25, 2006).On remand, the district court appointed Paul Rice, a law professor and the author of a leading attorney-client privilege treatise, to conduct the in camera review as a special master. [read post]
