Law firm considers prime broker class action
Law firm considers prime broker class action
Law firm Milberg, Weiss, Bershad & Schulman may file a class-action lawsuit against prime brokers on behalf of hedge funds. If a suit is filed it is likely to center on naked short selling, although a partner in the firm says Milberg, Weiss is still thinking about its next move.
http://dealbook.blogs.nytimes.com/?p=1866#more-1866
posted by Victor Lloyd Smith @ 5:11 PM
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