Senior U.S. District Court Judge Thelton Henderson withheld final approval of a class action settlement on behalf of African-American retail brokers at Morgan Stanley after hearing objections Monday that the deal was "lawyer driven." Linda Friedman, an attorney for about 30 brokers, claimed that James Finberg and other class counsel fished for a lead plaintiff after they already negotiated the settlement -- $16 million plus diversity protocols -- with defense lawyers at Morgan, Lewis & Bockius.
June 17, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Senior Judge Thelton Henderson withheld final approval of a class action settlement on behalf of African-American retail brokers at Morgan Stanley after hearing objections Monday that the deal was “lawyer driven.”
Linda Friedman, an attorney for about 30 brokers, claimed that James Finberg and other class counsel fished for a lead plaintiff after they already negotiated the settlement with defense lawyers at Morgan, Lewis & Bockius.
Presented by BigVoodoo
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.
Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
Duane Morris LLP seeks a highly motivated junior associate to join its dynamic and growing Labor and Employment Class Action group in Chicag...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
Tired of the stress of the big city? Are you looking to improve your quality of life? Then consider practicing law at the Jersey Shore. Pe...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
