Posted Dec 13, 2007 01:49 pm CST
A “surprising” addition to the securities class-action bar is Duane Morris, a firm known more for its strong insurance practice than plaintiffs litigation, American Lawyer reports.
Duane Morris has teamed up with Coughlin Stoia Geller Rudman & Robbins to bring two shareholder derivative suits, the legal magazine says. One suit is against Home Depot and the other against a real-estate investment trust.
Duane Morris partner John Herman told the publication that the firm’s entry into the practice area isn’t that unusual. “It’s not uncommon for a big firm to be on a shareholder’s side against a corporation,” he said. “Our view is that we are representing corporate interests.”