Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Wednesday, July 26, 2006
Comverse to be pursued by Milberg
New York Law Journal reports that embattled law firm Milberg Weiss Bershad & Schulman has been appointed by a New York judge as co-lead counsel in a consolidated suit regarding backdating of stock options at Comverse Technologies (Nasdaq:CMVT) this is a huge vote of confidence from the bench in the storied law firm. Of course if this firm implodes for some reason what happens to the lawsuit?