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Securities Fight Goes to 9th Circuit
The 9th U.S. Circuit Court of Appeals is set to resolve a dispute between class action behemoth Milberg Weiss and a California judge that revolves around a securities statute, but boils down to this: Milberg Weiss is crying foul because it represents the plaintiff with the most loss, but wasn't selected lead counsel. U.S. District Judge Vaughn R. Walker, asserting a "fiduciary responsibility" to the plaintiff class, says the firm was simply charging too much.TRENDING STORIES
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