The lead plaintiff/lead counsel controversy in the Terayon securities litigation in the N.D. of Cal. continues to receive press coverage. (The 10b-5 Daily has posted about the the case here and here.) The May 3 edition of Fortune has a column on Judge Patel's order and subsequent developments.
Quote of note: "Accordingly, Judge Patel is probably still months away from deciding what to do next. Her options include kicking the firm off the case, fining it, or deciding that it did nothing wrong after all, and allowing it to continue as co-lead counsel."Posted by Lyle Roberts at April 27, 2004 8:45 PM | TrackBack