( The D & O Diary's earlier post on the Halliburton lead plaintiff's motion can be found here .) Judge Lynn also removed that Scott & Scott firm as co-lead counsel. The lead plaintiff had sought to remove the Lerach Coughlin firm because its relationship with the firm "deteriorated" after the criminal indictment of the Milberg Weiss law firm. (The Lerach Coughlin firm split off from the Milberg Weiss firm in 2004.) The Lerach Couglin law firm's removal as lead counsel in the Halliburton case is discussed in greater detail on the Legal Pad blog, here. But Not All the New is Bad: On the other hand, not all the news for the Lerach Coughlin firm these days is bad. For example, the firm is lead counsel in the securities lawsuit pending against First BanCorp and several of its directors and officers. On March 5, 2007, First BanCorp. announced ( here ) that it had settled the case for $74,250,000.