AS THE LEGAL COMMUNITY ponders whether the criminal indictment of Milberg Weiss Bershad & Schulman will eventually lead to that firm’s dissolution, two of its former partners are arguing that the firm actually dissolved two years ago at the time of its bi-coastal split. They claim they are now owed millions of dollars in returned capital and unpaid fees as a result.
If the timing of the claims is awkward, the identity of the ex-partners making them is more so. They are Alan Schulman and Robert P. Sugarman, both of whom have been widely reported to be key cooperating witnesses in the prosecution’s case against the firm over the alleged payment of kickbacks to class action plaintiffs.
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