I am not a legal expert either.
Yup, after reading this again you are right.
WB had filed a lawsuit against Toberoff as he had too had a financial stake in S&S case, which was more than usual relationship between Lawyer and client.
But, now Toberoff claims that WB were slow to respond. WB filed a lawsuit against Toberoff in the court in May 2010, so as per certain clause (the statute of limitations), since there was considerable delay, the WB's objections and lawsuit against Toberoff should be rejected.