A new, controversial and potentially lucrative client solicitation technique employed by securities fraud litigators at Weiss & Yourman got the blessing of the Securities and Exchange Commission last week, in the form of an amicus curiae brief.
The Los Angeles firm this year convinced several brokerage houses to send out mass mailings informing their clients of stock-drop suits that Weiss & Yourman had filed. Weiss & Yourman in turn reimbursed the brokerage houses for the mailings, and then hoped that the stock traders would sign on as plaintiffs with the firm.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
