Corporate Fraud Is Not Constructed By Plaintiffs' Bar

Law360, New York (October 15, 2007, 12:00 AM EDT) -- In their recent article, "State Attorney General Class Actions Raise Concerns," Brian Anderson and Amber Taylor of O'Melveny & Myers ("the authors") launch a wide-ranging attack on the role of private counsel in government enforcement actions.

In so doing, they strain to link these actions, and indeed class actions in general, to the recent guilty plea of Bill Lerach. In a futile attempt to support this flawed attack, they conflate parens patrie actions with class actions to conclude that private counsel side-step otherwise insurmountable legal hurdles...
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