The typical practice in securities class actions, according to lawyers on both sides I have spoken with, is to hire contract attorneys to perform the grunt work of sifting through millions of pages of documents obtained in discovery.
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Lead plaintiffs are supposed to hire attorneys and oversee the litigation on behalf of the rest of the class, although in practice it usually works the other way around, with the lawyers using portfolio-monitoring software to identify an institutional investor with a loss and then recruiting that investor to represent the class.
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What the Senate vote shows is that the newest entitlement is far more vulnerable than the political class claims to believe, especially once people see its consequences in practice.
Indirect purchasers who in many cases actually paid the inflated prices are left to sue in state court, where the class-action attorneys have developed a specialized practice to extract an extra layer of revenue from this litigation.
Wasserman has a thriving practice supplying expert testimony in legal malpractice cases and teaches a popular class on the subject at Hofstra University School of Law.
Teacher Mr Randall sounded exhausted but exhilarated after throwing his class of 31 Year 7's right in the deep end on their first practice News Day.
However, this reform should not lead to as extensive class actions litigation as in the US, noted Laurent Godfroid, partner at competition practice of Gide Loyrette Nouel.
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In practice, this accord would have the effect of imposing new limitations on a whole class of promising anti-missile systems.
In practice, this means some start soon after their fourth birthday and could be in a class with children almost a year older than them - the September-born children.
The two other stop-and-frisk-related cases in front of Judge Scheindlin are a lawsuit over trespassing in public housing projects and a class-action suit challenging the constitutionality of the broader stop-and-frisk practice, which is slated to go to trial in March.
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