Objections might slow down the approval of a class action settlement on behalf of black retail brokers against Morgan Stanley: “Linda Friedman, an attorney for about 30 brokers, claimed that James Finberg and other class counsel fished for a lead plaintiff after they already negotiated the settlement with defense lawyers at Morgan, Lewis & Bockius.” (Dan Levine, “Objections Interrupt Morgan Stanley Settlement”, The Recorder, Jun. 17).

Filed under: class action settlements