New Coke (1985-2002), left, went the way of the dinosaur in the U.S. but still sells in Yap.
The Coca-Cola Company asked a court not to grant class treatment for a securities case against the Real Thing maker. Its reasons, per the WSJ today, included an allegation that lead class counsel, Coughlin Stoia, made secret payments to expert witnesses.
The Coke papers compare the disbursements to remissions that earned Milberg Weiss and Melvyn Weiss a criminal indictment and produced guilty pleas by several lawyers and a couple or three class representatives. Lawyers at Coughlin Stoia split off from Milberg Weiss awhile back.
Barry Barnett