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July 13, 2006 | Law.com

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 | National Law Journal

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
May 19, 2006 | National Law Journal

Milberg Weiss, Two Name Partners Indicted

A Thursday indictment charging name partner David Bershad, partner Steven Schulman and the Milberg Weiss firm itself with illegally paying clients to be lead plaintiffs says the firm "kept cash used to make such payments in a safe located in a credenza in Bershad's office." Prosecutors argue that a plaintiffs firm that's made its name by suing large companies for fraud was itself a corrupt operation. The indictment also points to an unnamed lawyer, whom sources say is former partner William Lerach.
6 minute read
July 27, 2006 | The Legal Intelligencer

Milberg Appointed 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.
5 minute read
April 06, 2006 | The Recorder

New Indictments Loom in Milberg Case

Two partners are particularly of interest to prosecutors. They're not Melvyn Weiss or William Lerach, the targets for six years now. But the new guys may be indicted within a month.
4 minute read
February 01, 2007 | National Law Journal

Milberg plaintiff pleads to conspiracy

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.
3 minute read
October 15, 2007 | National Law Journal

New charges spell trouble for Milberg Weiss

New obstruction-of-justice charges brought last month against Milberg Weiss and the firm's founding partner, Melvyn Weiss, strengthen claims of misconduct in the government's criminal case by accusing both defendants of deliberately withholding a fax that was subpoenaed in 2002 as part of the investigation.
5 minute read
June 12, 2006 | National Law Journal

Former Milberg partners seek capital, fees

As the legal community ponders whether the criminal indictment of Milberg Weiss Bershad & Schulman will eventually lead to that firm's dissolution, two of its former partners are arguing that the firm actually dissolved two years ago at the time of its bi-coastal split. They claim they are now owed millions of dollars in returned capital and unpaid fees as a result.
6 minute read
February 22, 2006 | The Recorder

Lerach, Weiss May Not Face Indictments

The two star lawyers in the class action kickback investigation won't be charged by prosecutors anytime soon, but the investigation of their former firm's conduct continues.
4 minute read
November 04, 2008 | National Law Journal

Last of Milberg conspirators sentenced

A federal judge has sentenced Steven G. Cooperman and Paul Selzer, the last two individuals in the government's criminal kickback case against Milberg, to four months in prison and six months of home detention, respectively.
2 minute read

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