Loral Plaintiff Can't Give Class Legal Advice: Judge

Law360, New York (February 5, 2009, 12:00 AM EST) -- A federal judge has barred the former lead plaintiff in a shareholder class action against executives of bankrupt Loral Space & Communications Ltd. from giving legal advice to members of the settlement class, responding to class counsel's complaint that the plaintiff told class members a proposed $3.45 million settlement was inadequate.

In an order signed Wednesday in the U.S. District Court for the Southern District of New York, Judge Victor Marrero denied Anthony Christ's objection to the notice of class action in the case, forbade Christ...
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