Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, October 22, 2007

Coke Resists Class Action Certification Citing Lerach

Will Bill Lerach's guilty plea be grounds to terminate pending class actions brought by his former law firm, Coughlin Stoia?  Coca-Cola seeks to deny class-action certification in an action alleging accounting fraud that was instituted in 2000 on that ground.  A federal judge in another securities fraud class action has already rejected the argument, because Lerach had retired from the firm and the law firm itself is not under indictment -- as is the case with Milberg Weiss.  WSJ, Coke Tries New Defense.

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