Casino Co. Loses $18M Extortion Suit Against Milberg

Law360, New York (April 30, 2010, 2:53 PM EDT) -- A judge has dismissed a suit accusing Milberg LLP and several former partners of extorting $18 million from Lakes Entertainment Inc. to settle two securities class actions, saying the casino developer failed to show that the powerhouse firm directly caused its alleged injuries.

Judge Joan N. Ericksen of the U.S. District Court for the District of Minnesota on Thursday dismissed Lakes Entertainment's suit alleging RICO violations and conspiracy and fraud claims against the firm, a consultant and three lawyers, including jailed attorney William Lerach.

According to...
To view the full article, register now.