Good securities fraud class actions, in other words, are hard to come by. Harder still is winning the right to control the cases as lead counsel. The competition to be named lead counsel in promising securities fraud class actions does not always cast shareholder lawyers in their most flattering light. The latest example – in a class action alleging that the real estate investment trust Omega Healthcare Investors misled shareholders about the deteriorating finances of some of its long-term care facilities – exposes some of the tricks of the shareholder lawyers’ trade.
via New lead counsel fight exposes risky business of trolling for securities clients
