The trustee overseeing the bankruptcy of Bernard Madoff’s investment company sued two former top lawyers of the Milberg Weiss law firm seeking to recover $20.4 million in false profits from the con man’s Ponzi scheme.
The trustee, New York attorney Irving Picard, sued former Milberg Weiss name partner Melvyn I. Weiss and ex-partner David J. Bershad over profits they reaped from the Madoff fraud. Both Weiss and Bershad pleaded guilty to racketeering charges over a client-kickback scheme and left the law firm, which has changed its name to Milberg LLP.
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