Milberg Negligence Suit Survives 2nd Dismissal Bid

Law360, New York (May 2, 2011, 2:05 PM EDT) -- An Arizona federal judge on Friday denied a second motion to dismiss a proposed class action accusing Milberg LLP and others of malpractice leading to the decertification and dismissal of a securities suit against an American International Group Inc. subsidiary.

Judge Frank R. Zapata construed Milberg's renewed dismissal bid as a motion for reconsideration and denied it. His court in December had given plaintiffs John J. Sampson and Philip Bobbit a chance to amend their suit to adequately plead that, but for the defendants' negligence, they...
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