A Manhattan appeals court has rejected a billionaire investor’s bid to obtain the work product of three plaintiffs firms, led by Milberg Weiss, which he claims settled a class action against software maker CA Inc., for too little.
Sam Wyly, a major CA shareholder, had sought internal documents from Milberg Weiss; Stull, Stull & Brody; and Schiffrin Barroway Topaz & Kessler to support his claims that the 2003 settlement they negotiated, valued at $134 million, failed to adequately account for fraud at CA, which ultimately landed top executives – including CEO Sanjay Kumar and general counsel Steven Woghin – in jail.
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