Adam Savett has a post in his blog Lies, Damn Lies & Forward-Looking Statements regarding a recent order from the District of Minnesota requiring counsel seeking appointment as lead class counsel to provide the Court with, inter alia, "information concerning the minority and gender membership in your respective law firms ..." This begs the very interesting question whether the diversity characteristics of lawyers and law firms seeking appointment as lead class counsel under the PSLRA can properly be taken into account by district courts making such determinations. The Volokh Conspiracy weighs into the debate with an initial reaction that race, gender and ethnicity may not lawfully be considered.
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Tuesday, July 18, 2006
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Your blog is a good thing that's why today it's one of the big law blogs are laying off!
Mark
Posted by: lucas law group | Thursday, April 16, 2009 at 04:02 AM