As one of Plaintiffs’ Lead Counsel, Cohen Milstein Sellers & Toll PLLC negotiated a $50 million settlement of a class action lawsuit on behalf of customers of Salomon’s Guided Portfolio Management program.  The lawsuit alleged that, instead of acting in the best interests of its customers, Salomon invested their money in companies that would boost Salomon’s investment banking business.  Moreover, Salomon did not tell its customers that its securities analysts were compensated based on the investment banking business they generated.