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June 01, 2011 |

Just When I Thought I Was Out . . .

Milberg's deal with the government marked the beginning of a new cycle of litigation.
7 minute read
August 02, 2006 |

CALA makes hay out of Milberg money

A tort reform group has called on state politicians to return five years' worth of campaign contributions from the troubled Milberg Weiss firm, calling the donations "dirty money."
3 minute read
June 18, 2008 |

Milberg Counsel William Taylor III: The Day After

In the end, says William Taylor III, the lawyer who defended the Milberg firm for more than four years, he had no choice: If Milberg was to survive as a law firm, it had to reach a deal to avoid a guilty plea or conviction in the federal probe of kickbacks to lead plaintiffs in securities class actions. Taylor declined to comment on reports that Milberg had asked spin-off firm Coughlin Stoia to contribute to Milberg's $75 million payment of fines. Coughlin Stoia was never indicted in the kickback case.
3 minute read
May 30, 2006 |

Top Milberg Weiss partners head for the exits

A week after Los Angeles federal prosecutors charged Milberg Weiss Bershad & Schulman with paying illegal kickbacks to name plaintiffs, top partners at the firm are rushing out the door.
4 minute read
May 23, 2006 |

Lawyer signs deal to sing about Milberg

Los Angeles insurance lawyer Richard Purtich has agreed to cooperate with the prosecution of securities class action firm Milberg Weiss Bershad & Schulman in a plea deal that could allow him to avoid disbarment.
3 minute read
February 08, 2011 |

As Fight Sheds Light on Firm's Woes, Convicted Partner Comes Out Millions Ahead

An arbitration panel has handed Milberg LLP an award stemming from convicted former partner David Bershad's participation in a kickback scheme -- but Bershad has come out ahead financially.
7 minute read
November 25, 2002 |

Copyright Bid Discounted

There are several reasons why Milberg will lose its copyright crusade. New York-based Milberg Weiss Bershad Hynes Lerach has issued cease-and-desist letters to other firms whom Milberg says have copied its copyrighted complaints in the Enron case. Daily Report, Nov. 20, 2002First of all, once the Milberg complaint is filed with the court it becomes a public document available to all for copying and duplicating.
1 minute read
June 17, 2008 |

Milberg Firm Settles Kickback Scheme Charges

Federal prosecutors today announced a settlement with class-action law firm Milberg, four of whose former name partners have pleaded guilty in the past year to criminal charges relating to the payment of kickbacks to individual plaintiffs in shareholder cases. The deal calls for the New York-based firm to pay $75 million in fines in exchange for the dropping of criminal charges, that amount is to be paid in installments through 2012.
6 minute read
October 05, 2009 |

Milberg lives long after all — and prospers

The partnership regrouped following scandal, expanded its practice areas and racked up wins.
6 minute read
July 26, 2006 |

N.Y. Judge Appoints Milberg Co-Lead Counsel in Backdating Suit

A New York judge has given a boost to Milberg Weiss Bershad & Schulman by appointing the embattled law firm co-lead counsel in a consolidated suit over stock option backdating. The appointment in the high-profile Comverse Technology backdating scandal would have been barely noteworthy for Milberg Weiss in the past, but since its indictment a number of judges around the country have questioned whether the firm should be awarded lead counsel status in upcoming matters.
4 minute read

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