Interesting item in Newsday about a petition filed in New York state court against the plaintiffs’ law firms that settled the Computer Associates securities class action. Texas billionaire Sam Wyly reportedly is seeking the discovery collected in the case and argues “that the documents ‘rightfully belong to him’ because, as a CA shareholder, he was effectively a client of the firms until he declined to participate in the class-action settlement.”
Addition: Forbes has more on the story.
The 10b-5 Daily 