In Spite of Reform Law, Milberg Weiss Emerges as Winner in Securities Suits

"Enemies of the plaintiffs' firm Milberg Weiss Bershad Hynes & Lerach may do well to heed the words of Friedrich Nietzsche: What does not kill me makes me stronger.

"Take, for instance, the Private Securities Litigation Reform Act, a 1995 law that many observers say was aimed at putting Milberg Weiss -- and especially partner William Lerach, the lawyer many corporate executives love to hate -- out of business. As one securities defense lawyer who lobbied for the PSLRA told the New Yorker last year, 'The whole idea behind the law was to destroy Lerach.'

"Instead, according to a new study by Stanford Law School's Securities Class Action Clearinghouse and Cornerstone Research, Milberg Weiss is doing better than ever," reports here.