In an order rejecting a securities class action settlement, San Francisco Chief District Judge Vaughn Walker ripped Milberg Weiss for asking for too much money. He also cited the firm's pending criminal charges at length in a discussion about whether the plaintiffs lawyers were really protecting the interests of the class. Walker also questioned whether defense counsel Skadden Arps had an appearance of possible conflict since Skadden is representing Lerach Coughlin in connection with the criminal probes.
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Judge Rips Milberg on High Fee Proposal
The Recorder
December 5, 2007
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