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.
December 05, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Milberg Weiss can’t seem to shake the shadow of its criminal probe.
In an order rejecting a class action settlement in a securities case, San Francisco Chief District Judge Vaughn Walker ripped the firm 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.
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