This decision from Justice Eugene Nardelli and his fellows at the court of appeals stymies the efforts of super-star investor, Sam Wyly, who had been seeking access to documents from Milberg, along with several other major class action litigation firms, including Stull, Stull & Brody, and Schiffrin Barroway Topaz & Kessler. Wyly was after docs from Computer Associates class action, in which his interests were represented (he would, in fact, argue misrepresented) by the above firms. Wyly also has a legal malpractice case pending against the three firms in Manhattan's Supreme Court.

-- MDT

Labels: class action, malpractice, Milberg, Sam Wyly, Schiffrin Barroway, Stull Stull and Brody

We've covered some of plaintiff firm, Milberg Weiss's travails this week as it continues to struggle through an ongoing investigation into kickbacks the firm offered to repeat lead plaintiffs. But there are brighter spots for the firm, one being the recent $3 billion settlement of a class action lawsuit brought against Tyco International.

Tyco is of course the famous former home of bad-boy CEO, Dennis Kozlowski. The Milberg-led class action (co-led by Schiffrin, Barroway, Topaz & Kessler) was brought in 2002 on behalf of several pension funds who suffered losses as a result of the fraud at Tyco.

-- MDT

Labels: class action, Dennis Kozlowski, Melvyn Weiss, Milberg, Milberg Weiss, Schiffrin Barroway, securities, Tyco