Southern District Judge Jed S. Rakoff issued a 12-page opinion Tuesday explaining why he chose the Public Employees’ Retirement System of Mississippi (MissPERS) and its lawyers from Bernstein Litowitz Berger & Grossmann to lead a securities class action brought on behalf of investors who purchased certificates backed by pools of subprime mortgages from Merrill Lynch.

The Southern District decision appears on page 36 of the print edition of today’s Law Journal.

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