NEXT
Sign in to follow
Search Results

0 results for ''Milberg''

You can use to get even better search results
January 03, 2000 |

Are Milberg Weiss' Glory Days Over?

After losing a bid to act as lead counsel in the $3 billion McKesson securities fraud litigation, Milberg Weiss suffers another blow - this time, the loss of key rainmaker Alan Schulman to a competitor. Schulman, viewed by many as second only to William Lerach as the most influential West Coast securities plaintiffs lawyer, attributes his departure to "philosophical differences with Bill Lerach over the direction of the firm."
5 minute read
June 01, 2006 |

Privilege waivers raise lawyers' hackles

6 minute read
August 04, 2003 |

Breaking Up Is Hard to Do For Milberg Weiss

When news broke in June about the intended split of Milberg Weiss Bershad Hynes & Lerach, attorneys familiar with the firm were buzzing about a pair of letters. On May 30 William Lerach had written warning missives to two law firms that were acting as co-lead counsel in the massive securities fraud case involving WorldCom, Inc., in the Southern District of New York. In his letters to the lead counsel firms, Lerach warned them that they could be held liable if they put his clients' cases in jeopardy.
14 minute read
May 23, 2006 |

Insurance Lawyer Admits to Giving Milberg Weiss Payments to Lead Client

In a plea agreement Monday, L.A. insurance lawyer Richard Purtich admits to taking payments from Milberg Weiss and passing them on to Steven Cooperman, an ophthalmologist who is the lead client in several Milberg Weiss securities class actions. The Milberg investigation began in 1999, when Cooperman told prosecutors he received kickbacks. The case came to a head Thursday, when the firm and two name partners were indicted over an alleged scheme to funnel kickbacks to lead plaintiffs.
3 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
June 17, 2008 |

Milberg Agrees to Pay $75 Million in Settlement

Federal prosecutors today reached 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
December 05, 2007 |

Judge Rips Milberg on High Fee Proposal

In an order rejecting a securities class action settlement, San Francisco Chief District Judge Vaughn Walker ripped Milberg Weiss for asking for too much money. He also cited the firm's pending criminal charges at length in a discussion about whether the plaintiffs lawyers were really protecting the interests of the class. Walker also questioned whether defense counsel Skadden Arps had an appearance of possible conflict since Skadden is representing Lerach Coughlin in connection with the criminal probes.
3 minute read
In re Nortel Networks Corp. Securities Litigation, 07-0757-cv
Publication Date: 2008-08-25
Practice Area: Attorneys Fees
Industry:
Court: U.S. Court of Appeals, Second Circuit
Judge: Per Curiam
Attorneys:
For plaintiff:
For defendant:
Case number: 07-0757-cv

Before: Sotomayor, Wesley and Wallace, C.JJ.* U.S. COURT OF APPEALS SECOND CIRCUIT Samuel Issacharoff, New York, New York, for Appellant. Appellant Milbe

December 04, 2006 |

Feds Win Milberg Discovery Battle

A judge's secret order means federal prosecutors will get a massive trove of documents connected to the kickback probe of fallen class action giant Milberg Weiss.
4 minute read
July 25, 2006 |

Milberg Named Co-Counsel in Options Case

Despite its indictment on charges of paying illegal kickbacks to class action plaintiffs, a New York judge said Milberg Weiss can proceed in a consolidated suit over stock options backdating.
4 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • Blueprint for Successful Second Request Document Review

    Brought to you by Integreon

    Download Now

  • Employee Happiness Playbook: The 3 R's for Business Success in 2024

    Brought to you by Amazing Workplace, Inc.

    Download Now

  • The Positive Impact of AI at Small Law Firms: 4 Key Insights

    Brought to you by LexisNexis®

    Download Now

  • Will Generative AIs Transform Legal Services? Defensibility and Security Must Be a Focus

    Brought to you by HaystackID

    Download Now