U.S. COURTS OF APPEAL

CLASS ACTIONS, ATTORNEYS – Class counsel sought for a third time to certify a lead plaintiff after the first two attempts resulted in a court ruling that the chosen plaintiffs were inadequate. The Seventh Circuit found that “counsel representing plaintiffs are in the business of litigating securities actions; they spread risk across a portfolio of suits and cannot demand that this court bend the rules to relieve them of risk voluntarily assumed in a particular case.” Affirmed. Asher v. Baxter International