The Mississippi Public Employees Retirement System is not a professional securities class action plaintiff, according to U.S. District Judge William Alsup of San Francisco federal court. Late Tuesday, after a bruising fight between MissPERS and the New England Carpenters Guaranteed Annuity and Pension funds, Alsup appointed the Mississippi fund to lead a juicy securities class action against Diamond Foods. Alsup rejected arguments by the New England funds’ lawyers at Robbins Geller Rudman & Dowd that MissPERS had exceeded the statutory limit for lead counsel appointments.
via In Diamond case, judge appoints MissPERS — but not its lawyers. — On the Case