Rakoff: Securities Witnesses Feel Squeeze on Both Sides

, The Litigation Daily


When Lockheed Martin agreed to pay $19.5 million to settle a securities class action over its financial disclosures back in February, we noted that Lockheed's defense counsel at DLA Piper had spent much of the case trying to discredit the plaintiffs' lawyers at Robbins Geller Rudman & Dowd. DLA's claims never stuck, and the defense failed to get the case dismissed. But allegations that Robbins Geller distorted confidential witness testimony definitely got the judge's attention.

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