i wonder what it would take to come up with a class action lawsuit on
Milberg Weiss? I bet we could get 10-20,000 CF developers together to
sign on we could walk away with a pretty penny, Milberg Weiss made
around $150 million last year. It might be cheaper for them to just
settle.
:-)
Steve
John Quarto-vonTivadar wrote:
>
> without commenting on Allaire's situation in particular, since who knows
> what the real facts may or may not be... Milberg Weiss has a strong
> reputation in the legal profession--mainly for going after companies with
> lawsuits that would cost the company more to fight than to just settle
> quickly. It's predatory lawyering at its best !
>
> This is how an attorney who used to work there handling these type of suits
> described it to me:
> Typically, they file the suit whether or not they have any a priori facts to
> justify the suit, a great time is after any substantial drop in the target
> company's stock. Then by the nature of having filed the suit, and they seem
> to love the ol' 'class action' method, they claim that the discovery process
> means they should have full access to the company's books (thus giving them
> the access to the facts they need to justify the suit in the first place).
> Often, the victim companies find it much easier to just pay Milberg Weiss a
> fee to just settle the thing. For this, the senior partners' year-end
> bonuses at M.-W. seem to run in the 8 figure range.
>
> However, the same authority that has provided this info with respect to how
> such a reputable law firm operates, also claims that the firm may not
> survive a like audit of itself, particularly since they pay a flat annual
> fee for access to Lexus-Nexus yet charge their clients a per-use fee, which
> another lawyer described to me as slightly worse than padding the time
> sheets since it's a form of fraud.
>
> Only in the USA!!! :)
>
> > What do you long time cold fusion developers see with this story?
> >
> > "Milberg Weiss Announces Class Action Suit Against Allaire Corporation"
> >
> > For the full story ...
> > http://biz.yahoo.com/bw/000925/ny_milberg.html
> >
>
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