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We can’t resist.
We posted last week about the private class action litigation filed against Milberg Weiss seeking to recoup the hundreds of millions of dollars of legal fees the firm recovered in cases in which the government now says Milberg improperly paid shareholders to act as named plaintiffs.
It turns out that the firm that filed the new case against Milberg Weiss — Beatie & Osborn — has a longstanding grudge against Milberg Weiss. Milberg Weiss often aced out Beatie & Osborn in securing the lucrative role as lead counsel in securities fraud class actions.
We don’t know about you, but we’re waiting on tenterhooks hooks here. What the heck might a Milberg Weiss counterclaim — or third party claim against Beatie & Osborn — plead?