Accusing a major securities class action firm of forum shopping and “outrageous” conduct, a federal judge has enjoined a California court from proceeding with a shareholder stock drop case against Bank of America.
U.S. District Judge John Nangle of St. Louis severely criticized New York-based Milberg Weiss Bershad Hynes & Lerach for allegedly trying to circumvent federal law in its rush to become lead counsel in the case.
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