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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
July 17, 2006 |

Milberg arbitrators are chosen

Two lawyers have been selected to arbitrate a contentious profit dispute between Milberg Weiss Bershad & Schulman and two of its former partners, Robert P. Sugarman and Alan Schulman.
3 minute read
December 05, 2007 |

Judge Rips Milberg on High Fee Proposal

Northern District Chief Judge Vaughn Walker laid into Milberg Weiss for greed in a class action case, and defense counsel Skadden, Arps for an appearance of possible conflict.
4 minute read
June 09, 2006 |

Prosecutors still poking at Milberg Weiss' star expert

L.A. federal prosecutors indicted Milberg Weiss Bershad & Schulman and two of its name partners last month on charges of paying illegal kickbacks to clients, and sources close to the case say they are looking deeper into John Torkelsen, the star expert for the firm.
5 minute read
August 29, 2007 |

Lerach Retires Under Investigation Cloud

Renowned plaintiffs attorney William Lerach, lead partner at Lerach Coughlin, announced Tuesday he's stepping down from the firm he started when he split off the West Coast offices of what is now Milberg Weiss. Lerach said he's planning to take some time off. That could include going to prison, or at least the U.S. Attorney's Office. Lerach is said to be nearing a deal with federal prosecutors related to legally questionable payments Milberg Weiss made to its lead plaintiffs and a former expert witness.
4 minute read
June 21, 2006 |

Lieff Cabraser looks at Milberg Partners

Any law firm can poach partners from an imploding rival, but it takes extra talent to get a competitor's consent to loot its talent trove.
3 minute read
July 11, 2007 |

Milberg's Bershad Pleads Guilty To Conspiracy in Kickback Plan

David J. Bershad, a name partner at securities 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.
4 minute read
June 01, 2007 |

Milberg partners talk pleas with prosecutors

On Wednesday, four top-level Milberg Weiss partners spent an hour in the U.S. Attorney's Office in Los Angeles trying to negotiate a deal. The session came amid rumors and media reports raising questions about the firm, its lead partner, Melvyn Weiss, and William Lerach, the former star partner whom prosecutors have been after for nearly eight years -- and who may be stepping away from the firm. There's speculation that a departure may be linked to a potential guilty plea from former partner David Bershad.
4 minute read
July 13, 2006 |

Milberg Dwindles, Questions Multiply

Following the indictment of class action law firm Milberg Weiss Bershad & Schulman and two of its partners, it is unclear who -- or what -- will be left for prosecutors to pick through if the firm is convicted. At least 10 partners have fled, and some of the firm's top clients have replaced Milberg Weiss since the indictment. Observers wonder what a conviction, or even a settlement, would mean for the law firm that could be a mere husk of its once-robust operation by the time it is all over.
6 minute read
October 03, 2005 |

Milberg Weiss probe busies grand jury

Federal prosecutors have taken a couple of strides forward in the investigation of former plaintiffs' firm Milberg Weiss Bershad Hynes & Lerach and securities lawyer William Lerach.
2 minute read

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