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Faruqi & Faruqi's Clouded Reputation Takes Another Hit With Sex Suit

Anyone with a passing familiarity with Merger Arbitrage has heard of/from these 'gentlemen' purporting to act in the poor shareholders behalf.

It seems that whatever you thought about their firm and ethics, is actually true: Faruqi & Faruqi is a little Wall Street law firm that makes a living on the fringes of the securities-litigation business. Specifically, lawyers there specialize in extracting fees from corporations who find it less expensive to pay them off than to litigate.

There's not much solidarity among class-action attorneys, and some have had the long knives out for Faruqi for a while. So it's hardly surprising that the same day as a salacious lawsuit accusing Faruqi & Faruqi Partner Juan Monteverde of sexually harassing a young lawyer hit the federal courthouse in New York, it was the subject of a lengthy feature in Above the Law.

Forbes Link

Above the Law Link