Lerach On Top As Class Action Settlements Rise: Study

Law360, New York (March 21, 2007, 12:00 AM EDT) -- Lerach Coughlin Stoia & Robbins LLP and Milberg Weiss Bershad & Schulman LLP continued to dominate as lead plaintiffs counsel in settled securities class actions in 2006, which increased 300% in 2006 from the previous year, according to a report released Wednesday.

The Cornerstone Research report found that Lerach Coughlin represented 31% of plaintiffs in settled securities class actions in 2006, followed by Milberg Weiss at 23%. From 1996 to 2005, the firms, which were one firm before splitting in May 2004, had represented 52% of...
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