"Whenever company structures, payment arrangements, and management compositions have no obvious operational or economic justification, there must be something wrong."

From the FCPA Blog, RE: Kellogg, Brown & Root.

-- MDT

Labels: FCPA, Halliburton, KBR

But not the good kind. This is $600 million of the bad stuff.

--MDT

Labels: FCPA, Halliburton

The Daily Caveat mentioned in passing several days ago that Lerach Coughlin, home of the Wall Street Journal's favorite litigator, Bill Lerach, had been removed from upcoming securities fraud litigation against Halliburton. The client in that case, the Archdiocese of Milwaukee Supporting Fund Inc., has since given more details on the removal of Lerach's firm as well as co-lead counsel, David Scott of Scott + Scott, linking the switch directly to the continuing indictment against Lerach's former firm, Milberg Weiss. As was previously mentioned, DC uber-attorny David Boies has picked up the reins of the case.

Meanwhile Milberg and the plaintiff's bar in general are bracing for what some are calling the trial of the century.

-- MDT

Labels: Bill Lerach, class action, David Boies, Halliburton, indictment, Melvyn Weiss, Milberg, Milberg Weiss, securites