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July 10, 2007 |

Milberg's Bershad admits to kickbacks

Agreeing to forfeit $7.75 million and pay a $250,000 fine, David J. Bershad, a name partner at plaintiffs law firm Milberg Weiss & Bershad, has pleaded guilty to federal charges that he conspired in the payment of illegal kickbacks to individual class action plaintiffs. The guilty plea and promise of cooperation by Bershad raises the possibility that prosecutors will move forward with indictments of Melvyn I. Weiss and William S. Lerach, long thought to be the original targets of the investigation.
4 minute read
October 17, 2005 |

Witness Bust Suggests Squeeze Play

A longtime star witness for the now-defunct plaintiffs firm Milberg Weiss, a target of a federal probe, will plead guilty in D.C. in an unrelated case. Is it a sign that he�s ready to testify on behalf of the government?
6 minute read
June 16, 2003 |

Milberg Weiss:behind the breakup

Ask melvyn weiss or William Lerach why their firm-Milberg Weiss Bershad Hynes Lerach-will be split into East and West coast firms, and they'll say it's because the 200-lawyer operation is too difficult to manage.
7 minute read
June 13, 2003 |

Milberg Weiss Firm to Split With Lerach

Milberg Weiss Bershad Hynes Lerach, the pre-eminent securities class action firm, appears headed for a breakup, with partner William Lerach poised to lead a new West Coast operation.
6 minute read
May 02, 2006 |

Plea Deal Points to Milberg Partners

It took six years and a detour through Beverly Hills, but federal prosecutors finally got their first guilty plea in the long-running investigation of the class action plaintiffs firm Milberg Weiss. And it looks to be a significant one: In saying that he and his family took nearly $2.5 million in illegal kickbacks from Milberg Weiss in exchange for serving as lead plaintiffs in several class actions, Howard Vogel fingered four partners at the New York firm and agreed to cooperate in the investigation.
6 minute read
December 05, 2006 |

Feds win Milberg discovery battle

L.A. FEDERAL PROSECUTORS have won a behind-the-scenes discovery fight in the undying probe of plaintiffs firm Milberg Weiss Bershad Schulman. In a sealed ruling issued the day before Thanksgiving, U.S. District Judge A. Howard Matz ordered the production of reams of discovery that prosecutors had sought from various plaintiffs firms, according to lawyers familiar with the case.
4 minute read
April 07, 2006 |

New Indictments Loom in Milberg Case

After six years of inquiries, stop-and-go grand jury activity and peripheral indictments, L.A. federal prosecutors are close to charging two partners from Milberg Weiss Bershad & Schulman -- and possibly the firm itself -- with paying illegal kickbacks. The prosecutors, having moved beyond the investigation's original targets, Melvyn Weiss and William Lerach, are looking at David Bershad and Steven Schulman over payments to a real estate broker and former lead plaintiff in several Milberg class actions.
3 minute read
April 06, 2006 |

New Indictments Loom in Milberg Case

By Justin Scheck, The RecorderAfter six years of wide-ranging inquiries, stop-and-go grand jury activity and peripheral indictments, 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.
4 minute read
February 18, 2002 |

Milberg Weiss Stands to Score Key 9th Circuit Victory

With a grand jury investigation hanging over the firm's head, things have been tough lately at New York's Milberg Weiss Bershad Hynes & Lerach. But Friday was a good day. After oral arguments at the 9th U.S. Circuit Court of Appeals, the firm seems a lock to win a closely watched securities class action ruling that could have allowed judges to force plaintiffs' firms to lowball each other in order to prosecute class actions.
5 minute read
June 26, 2006 |

Milberg Plays Defense: Firm Dealing With Clients in Addition to Own Defense

It's clear Milberg Weiss Bershad & Schulman is putting up a vigorous defense against its May indictment for an alleged kickback scheme involving plaintiffs in securities class action cases. But the firm has also been forced to deal with its clients and attorneys.
1 minute read

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