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Michael Hoenig, a member of Herzfeld & Rubin, writes that a kind of feeding frenzy has evolved in which hungry class action lawyers routinely scan the news of the day looking for litigation opportunities, advertise for plaintiffs or find employees or friends to act as putative class representatives and then file class actions for megabucks in the friendliest, class certification-prone courts available. This expanding custom is not only unwholesome, it may have greater repercussions.
September 10, 2007 at 12:00 AM
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