We certainly hope that the lawyers from Coughlin Stoia Geller Rudman & Robbins and Cahill Gordon & Reindel tuned in last week for our webcast on “The JDSU Verdict One Year Later: Lessons from the Largest Securities Class Action Trial in History.” The Am Law Litigation Daily reports that those two law firms will square off beginning this week in the rarest of events: a trial in a securities class action.
The case involves a lawsuit filed in 2002 by the shareholders of mortgage company Household International in federal district court in Chicago. The shareholders alleged that Household engaged in “a massive predatory lending scheme” that inflated the company’s financials. Michael Dowd of Coughlin Stoia Geller Rudman & Robbins is now lead counsel for the plaintiffs, and Thomas Kavaler of Cahill Gordon & Reindel is lead counsel for Household (which was subsequently acquired by HSBC Finance Corp.). Trial is expected to last between four and eight weeks, the Am Law Litigation Daily reports.
By the way, it’s not too late to learn the many lessons of the JDSU trial shared by co-lead trial counsel for JDSU in that case (Jordan Eth of Morrison & Foerster) and the defense’s expert (Allan Kleidon of Cornerstone Research). Just click below:
