Credit: Weil Gotshal via YouTube Weil Gotshal Cites Mishandling of Confidential Witnesses in Arguing for Dismissal of Securities Class Action
A South African chemical company's Weil Gotshal attorneys have taken aim at plaintiffs' Hagens Berman Sobol Shapiro counsel. But Steve Berman dismissed the accusations as without merit.
December 16, 2020 at 03:52 PM
4 minute read
Attorneys from Weil, Gotshal & Manges are urging a Manhattan federal judge to dismiss a multibillion-dollar securities class action, alleging in a new filing that plaintiffs' counsel in the case submitted false accounts from confidential witnesses to prop up claims against South African chemical firm Sasol Limited.
The allegations were made in a submission filed Monday in the U.S. District Court for the Southern District of New York. The motion followed a decision by U.S. District Judge Jed S. Rakoff in August denying Sasol's motion to dismiss the case, which alleged false and misleading statement by Sasol's top-level management regarding the construction of an ethane cracker plant in Lake Charles, Louisiana.
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