Law360, New York (December 4, 2006, 12:00 AM EST) -- In an unusual twist, a federal judge has ordered famed plaintiffs’ firm Lerach Coughlin Stoia Geller Rudman & Robbins LLP to pay the attorneys’ fees of Alliance Capital Management LP, the target of a recently dismissed $1 billion class action lawsuit brought by Enron Corp.’s shareholders.
U.S. District Judge Melinda Harmon issued her decree in a Houston court last week, tossing out the case against the investment firm and former Enron underwriter, now known as AllianceBernstein LP.
In her decision, Judge Harmon ruled that it would...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.