Lerach Dumped As Lead Counsel In Comverse Suit

Law360, New York (March 6, 2007, 12:00 AM EST) -- High profile securities class action firm Lerach, Coughlin, Stoia, Geller, Rudman & Robbins LLP has been dumped as lead plaintiff counsel in a securities fraud class action—just days after a judge tossed it from a separate case.

Following the firm’s removal from an action against energy company Halliburton in the wake of allegations attorney William Lerach paid kickbacks to plaintiffs, a federal judge has overturned a magistrate’s ruling that the firm lead a securities suit against Comverse.

In a ruling March 2, Judge Nicholas Garaufis, from...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.