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February 06, 2009 | National Law Journal

Mel Weiss, other former Milberg partners snared in Madoff scam

As if Melvyn Weiss and David Bershad didn't have enough troubles, documents released Wednesday reveal that the two convicted Milberg Weiss partners were customers of Bernard Madoff. Former Milberg Weiss name partner Patricia Hynes is also on the list as a customer of Madoff, who allegedly ran a $50 billion Ponzi scheme. Confirming that Weiss was one of Madoff's victims, Weiss' lawyer said, "To fool people like Mel Weiss, Mort Zuckerman, and [Mets owner] Fred Wilpon suggests that Madoff was truly a 'master' at his craft."
3 minute read
August 23, 2010 | Law.com

Judge Approves Less Than Half of Milberg's 'Unusual' Added Fees Request

A federal judge in New York has slashed what he called an "unusual" request for additional fees by Milberg for a 2006 settlement of a securities class action against Nortel Networks. Milberg, its Canadian co-counsel and the claims administrator asked for $2.77 million in fees and expenses not included in their 2007 fee applications. Judge Richard M. Berman, citing the "very substantial" $38 million in fees and expenses already awarded to Milberg and Koskie Minsky, approved only 41 percent of the request.
4 minute read
June 18, 2007 | National Law Journal

Federal judge rejects bid to remove Milberg from IPO litigation

Embattled plaintiffs firm Milberg Weiss & Bershad, which has been indicted on criminal bribery and fraud charges in federal court in Los Angeles, won't be removed from high-profile securities litigation pending in Manhattan federal court. Solo Theodore A. Bechtold had submitted a "formal" motion on behalf of his clients to intervene in the case against IPO underwriters and to remove Milberg. Judge Shira A. Scheindlin denied the request last week, saying the firm is "adequately" representing the class.
4 minute read
November 20, 2002 | Law.com

Milberg Weiss Tries to Nail Class Action Imitators

New York-based Milberg Weiss Bershad Hynes & Lerach, known for serving as lead counsel for stockholders suing Enron, is attempting to clamp down on law firms that lift language from complaints it files in shareholder class actions. Cease-and-desist letters have been sent out asking several firms to stop violating Milberg Weiss' copyright by plagiarizing its work product.
8 minute read
September 16, 2005 | Law.com

Torkelsen Suits Could Reach Lerach Case

John Torkelsen flew high as the top expert witness for securities class actions. Now that he's under investigation for business fraud, former associates under separate investigations � Bill Lerach, the Milberg, Weiss firm � might be a little nervous.
6 minute read
March 21, 2008 | National Law Journal

Melvyn Weiss Agrees to Plead Guilty to Role in Kickback Scheme

Famed securities class action lawyer Melvyn I. Weiss agreed Thursday to plead guilty to a federal racketeering charge over his participation in a scheme to pay kickbacks to lead plaintiffs in shareholder suits. The agreement recommends a sentence of between 18 and 33 months in prison. He also agreed to pay $10 million in fines and forfeited fees. Coincidentally, a court ruled Thursday to disbar Steven Schulman, a former name partner of Weiss' old firm, which anounced it's changing its name to Milberg.
8 minute read
June 01, 2006 | National Law Journal

Milberg Weiss Case Highlights Waiver Controversy

With government demands for waiver of privilege in white-collar prosecutions sparking the ire of attorneys worried about the sanctity of client communications, the waiver issue in the Milberg Weiss Bershad & Schulman case presents an especially prickly problem. Although the case is typical in some ways of recent corporate corruption prosecutions, some experts say the key distinction of the law firm's defendant status makes the potential infringement on attorney-client privilege all the more grave.
6 minute read
June 12, 2006 | National Law Journal

Milberg's woes may bring financial liability

Aside from the publicity damage caused by a potential conviction, Milberg Weiss Bershad & Schulman faces an indictment with significant monetary damages as part of the indictment that could unravel its business, say experts following the case.
4 minute read
October 22, 2008 | National Law Journal

Former senior Milberg Weiss partner asks for no prison time in kickback case

David Bershad, a former senior partner at Milberg Weiss, now called Milberg, is asking for no prison time as part of the government's kickback case against the law firm, even though the U.S. Probation Office is recommending 18 months, according to sentencing papers filed on Monday.
4 minute read
May 19, 2006 | Daily Report Online

Milberg Firm, Two Name Partners Indicted

6 minute read

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