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"'Pick me' urgency"

That would be the emotion communicated by plaintiff's counsel angling for position and fees in a securities class action. A Delaware federal judge, ruling last month in a case involving the Molson Coors brewing company, made some pungent observations on the way to helping decide "which of the plaintiffs' law firms will win the money race." Lyle Roberts has details at 10b-5 Daily. Notes Roberts: "The judge concludes that PSLRA's lead plaintiff provisions may be ineffective because 'lawyers are still very much in the driver's seat.'" PSLRA Nugget and Securities Litigation Watch also comment. And the Denver Post covers the story (also via Roberts).



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.