A quick catch-up on interesting items from the past few days.
(1) On Friday, the New York Times had an article on securities plaintiff firms. The article discusses the stock option backdating cases and speculates about which firm is ready to "assume Milberg's mantle."
(2) Point of Law has some follow-up on the congressional hearing for H.R. 5491, a securities litigation reform bill. A discussion of the legislation can be found here. A reader also points out that in addition to the testimony at the hearing, the AFL-CIO and the Consumer Federation of America apparently submitted statements opposing the bill.
(3) Lies, Damn Lies, & Forward-Looking Statements has a long post (which is full of relevant links) on the efforts being made by securities plaintiff firms to attract foreign institutional investors as clients.