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March 20, 2008 | Inside Counsel

Weiss Pleads Guilty

Famed plaintiffs' lawyer Melvyn Weiss, a co-founder of law firm Milberg Weiss, has pleaded guilty to a federal racketeering charge.
2 minute read
February 11, 2008 | Inside Counsel

Lerach Gets Two Years for Kickback Scheme

Bill Lerach was sentenced Feb. 11 to two years in federal prison for his role in an alleged kickback scheme at his former firm.
2 minute read
January 31, 2008 | Inside Counsel

Concocted Cases

Milberg Weiss prosecutions put the spotlight on trumped up class actions.
4 minute read
November 30, 2007 | Inside Counsel

The Year in Review: #15. Sweet Revenge

Since its founding in 1965, Milberg Weiss has struck the fear of God in corporate America. Its specialty was representing "wronged" investors in massive class ...
1 minute read
October 18, 2007 |

Bad Choices Dog Weiss in Milberg Probe

When its California operation split off in 2004, Milberg Weiss leaders had a choice: Break up their partnership and form a new firm, or continue as the same entity. A probe of the firm and its leaders seemed to focus on departing California partner William Lerach, and dissolving was expensive. So the New York firm's executive committee decided to keep the partnership intact, banking they'd be out of the investigation's shadow once the split was done. They made the wrong choice, and not for the last time.
43 minute read
October 18, 2007 |

Conflicts Just Made Milberg Problem Worse

Over the past seven years, Milberg Weiss' situation has been complicated by the fact that its decision makers' own interests in the criminal probe sometimes didn't align with the firm's. Several partners in the pre-split firm said that when Milberg Weiss' California office broke off in 2004, the separation agreement guaranteed that Melvyn Weiss, David Bershad, Steven Schulman, William Lerach and Patrick Coughlin would all have a say in how the firm responded to the ongoing criminal investigation.
14 minute read
September 21, 2007 | Inside Counsel

Melvyn Weiss Indicted for Role in Kickbacks Scheme

Federal prosecutors indicted Milberg Weiss co-founder Melvyn Weiss Sept 20 for his alleged role in paying millions of dollars in kickbacks to people to serve as named plaintiffs in class actions.
8 minute read
September 18, 2007 | Inside Counsel

Lerach Pleads Guilty to Criminal Conspiracy Charge

Plaintiffs' attorney William Lerach agreed to plead guilty to a federal conspiracy charge Sept. 18 in an ongoing investigation into Milberg Weiss' alleged kickback scheme.
2 minute read
August 29, 2007 | Inside Counsel

Shareholders' Attorney William Lerach Resigns

Plaintiffs' attorney William Lerach, who made a name for himself representing shareholders in securities class action suits, announced he will retire Aug. 31 from the firm he founded in 2004, Lerach Coughlin Stoia Geller Rudman & Robbins.
9 minute read
July 11, 2007 | Inside Counsel

Securities Class Actions Filings Remain Below Average

According to a midyear assessment from the Stanford Law School Securities Class Action Clearinghouse, securities fraud class action filings were well below average for the first half of 2007.
5 minute read

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