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Securities

Sep. 18, 2002

Method of Picking Lead Plaintiff is Overturned

SAN FRANCISCO - A federal appeals court Monday drove a stake through the heart of competitive bidding for the job of lead counsel in securities class action cases.

By Pamela A. MacLean
Daily Journal Staff Writer
        SAN FRANCISCO - A federal appeals court Monday drove a stake through the heart of competitive bidding for the job of lead counsel in securities class action cases.
        The ruling spells the death knell for U.S. District Judge Vaughn Walker's practice of pitting potent...

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