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Short Take: Lerach files class action against Ziff

Attorney Bill Lerach and his law firm of Milberg Weiss Bershad Hynes & Lerach LLP have filed a class-action lawsuit against Ziff-Davis alleging that the technology publishing firm misrepresented its financial standing in regulatory documents filed in relation to its planned IPO. Ziff said that the suit is "without merit" and that it plans to "vigorously defend the action."

Attorney Bill Lerach and his law firm of Milberg Weiss Bershad Hynes & Lerach LLP have filed a class-action lawsuit against Ziff-Davis alleging that the technology publishing firm misrepresented its financial standing in regulatory documents filed in relation to its planned IPO. Ziff said that the suit is "without merit" and that it plans to "vigorously defend the action."