• July 9, 2010

Regular readers of Minnesota Litigator will be familiar with the lawsuit brought by Lyle Berman and Lakes Entertainment against the Milberg Weiss law firm, Bill Lerach, and other disgraced and fallen angels from the plaintiffs’ side securities fraud class action law firm that disintegrated after the revelation of improper payments made to co-defendant securities fraud damages expert, Paul Torkelson. ¬†(The long string of Minnesota Litigator coverage of the case is collected¬†here.)

In a nutshell, roughly: complaint filed, motion to dismiss granted, amended complaint filed, motion to dismiss amended complaint made, motion to amend again brought while second motion to dismiss pending, second motion to dismiss granted, motion to alter judgment and to amend again, today denied.   It would seem plaintiffs now must take it up with the U.S. Court of Appeals for the Eighth Circuit in St. Louis if they want to revive the action.

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