Counsel Inadequate In Revlon Shareholder Suit: Judge

By Abigail Rubenstein

Law360, New York (March 16, 2010, 8:12 PM ET) -- Criticizing the plaintiffs' original counsel for failing to take a more active role in the litigation, a Delaware judge on Tuesday appointed new lead counsel for a putative class of Revlon Inc. shareholders in a lawsuit over a takeover by the company's controlling shareholder.

Finding that Wolf Popper LLP, Rigrodsky & Long PA and Rosenthal Monhait & Goddess PA had failed to provide adequate counsel to the shareholders, Vice Chancellor J. Travis Laster of the Delaware Chancery Court appointed Smith Katzenstein & Furlow LLP, Harwood Feffer...
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