If you thought the plaintiffs bar was dead, then you probably didn’t make it to a luncheon at the University Club of New York on Thursday co-sponsored by the Manhattan Institute for Policy Research and the U.S. Chamber of Commerce’s Institute for Legal Reform (ILR).
With nary a plaintiffs lawyer in sight — a dartboard bearing Bill Lerach’s poofy visage might have made for a more appropriate backdrop to the dais instead of the portrait of former University Club President (and lawyer) Henry Anderson — the audience of lawyers, judges, journalists and business executives listened to an all-star panel discuss the problems plaguing the current securities class action system.
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