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theDeal.com: Milberg Weiss likely to lead [VA] Linux litigation

Apr 21, 2001, 17:00 (2 Talkback[s])
(Other stories by Heidi Nasr)

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"New York shareholder litigation powerhouse Milberg Weiss Bershad Hynes & Lerach llp is likely to be lead counsel in the lawsuits against VA Linux Systems Inc. and underwriter Credit Suisse First Boston."

"April 19, U.S. District Court Judge Miriam Cedarbaum consolidated the 18 lawsuits filed so far against VA Linux and Credit Suisse and tentatively named Milberg Weiss as lead counsel on the case. Melvyn Weiss, the firm's co-founder and known as the dean of the class-action securities plaintiff bar, will be lead partner on the case. The lead counsel usually is awarded the largest fees of all the law firms involved...."

"Previously, Milberg Weiss helped bring some high-profile fraud cases, including the $800 million award the firm won in litigation involving Michael Milken. In the past couple of years, Weiss and his firm played a role in negotiating a billion-dollar settlement for survivors of the Nazi Holocaust."

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