Any corporate defense lawyers who have ever found themselves at the wrong end of one of Milberg Weiss's innumerable securities class action complaints will doubtlessly crack a little smile upon reading this:
Accused of misleading a judge and facing a motion for sanctions, Milberg Weiss Bershad Hynes & Lerach recently withdrew a shareholders' derivative action it filed against an industrial wheel and tire maker.
But the giant New York-based securities class action firm, known for its take-no-prisoners litigation style, didn't merely discontinue the case, it also promised never to sue the tire company again.
From The National Law Journal.