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Three plaintiffs class action firms have vowed to appeal Monday's New Jersey federal court ruling that preliminarily approved a $225 million settlement of a class action against accounting giant KPMG and its lawyers, Sidley, Austin, Brown & Wood. The challengers seek to disqualify lead plaintiffs firm Milberg Weiss Bershad & Schulman, whom they accuse of holding a "reverse auction" -- negotiating with KPMG and Sidley Austin on behalf of putative class members before filing a suit.
November 03, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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