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April 06, 2006 |

New indictments loom in Milberg case

L.A. federal prosecutors are close to charging two partners from the massive plaintiff firm Milberg Weiss Bershad & Schulman � and possibly the firm itself � with paying illegal kickbacks, said several lawyers connected to the case.
3 minute read
September 21, 2007 |

Milberg Weiss partners dealt a full house of indictments

Melvyn Weiss has been indicted on charges that include obstruction of justice and making false statements to the grand jury in the government's investigation of kickbacks that Milberg Weiss paid to named plaintiffs in its securities class action lawsuits. William Lerach, a former Milberg Weiss partner, pleaded guilty to a federal conspiracy charge on Tuesday.
5 minute read
May 29, 2006 |

Milberg Under Attack on Other Fronts

The indictments of Milberg Weiss Bershad & Schulman and two of its name partners earlier this month are likely to set off a wave of fights over lead-counsel status in ongoing securities class actions involving the firm.
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
February 05, 2007 |

Milberg plaintiff pleads to conspiracy charge

A former named plaintiff for Milberg Weiss & Bershad who told federal investigators about the alleged kickback scheme now under investigation has agreed to plead guilty to a conspiracy charge.
2 minute read
June 02, 2010 |

Milberg Argues Its Use of Subsequently Discredited Witnesses Was in Good Faith

Milberg and its co-counsel sought to reassure a federal judge on Friday that it did not violate court rules by including statements by two confidential witnesses in complaints against Sony Corp. that did not hold up in subsequent depositions. In a response to Judge Robert Patterson Jr.'s demand for an explanation, Milberg and two other firms said that while their lawyers were equally "surprised by the testimony" of the witnesses, the firm believed that their allegations were accurate when it included them in the complaints.
4 minute read
February 09, 2009 |

Madoff Client List Includes Melvyn Weiss

As if Melvyn Weiss and David Bershad didn't have enough troubles these days, documents released Feb. 4 reveal that the two convicted former Milberg Weiss partners were customers of Bernard Madoff.
3 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.
2 minute read
October 02, 2000 |

A Case of Ill-fitting Oxfords?

How far would Milberg Weiss Bershad Hynes & Lerach go to become lead counsel, with its promise of huge legal fees, in the mammoth securities class action against Oxford Health Plans Inc.? Very far, says a brief filed by Oxford's counsel, New York's Sullivan & Cromwell, alleging Milberg Weiss clients filed misleading affidavits, and opposing the investors' appointments as class representatives.
5 minute read
June 17, 2008 |

Milberg agrees to pay $75 million to settle kickback charges

Milberg has agreed to pay $75 million as part of a non-prosecution agreement with federal prosecutors in the criminal kickback case against the New York securities firm. After an investigation that spanned nearly a decade, Milberg, which was preparing for an August trial, announced the agreement on Monday in which the firm accepted responsibility for the acts of its former senior partners.
5 minute read

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