Mills Ex-Exec Fights $203M Securities Deal

By Erin Marie Daly

Law360, New York (January 26, 2010, 2:46 PM ET) -- The former chief operating officer of Mills Corp. is challenging a $202.75 million settlement the shopping and entertainment center developer has reached with shareholders in a securities class action, arguing that the deal strips him of his rights to pursue claims against other parties.

Kenneth R. Parent's appeal of the settlement's approval, filed Thursday in the U.S. Court of Appeals for the Fourth Circuit, also takes issue with an order granting $36.5 million in attorneys' fees to lead plaintiffs' counsel, as well as $3.1 million in...
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