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Article: Law Firm Indicted on Kickbacks.(Milberg Weiss Bershad & Schulman L.L.P.)
- Article from:
- The Practical Accountant
- Article date:
- July 1, 2006
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In a decision mirroring the fall of Arthur Andersen, New York law firm Milberg Weiss Bershad & Schulman was indicted last week, along with two if its partners, on criminal charges of paying illegal kickbacks to clients. In a 20-count indictment by a federal grand jury in Los Angeles, federal prosecutors allege that Milberg Weiss and partners David Bershad and Steven Schulman paid at least $11.3 million over a 25-year period to clients. The indictment details a trio of paid plaintiffs who joined more than 150 class-action lawsuits and allegedly recruited friends and family members to serve in similar roles.
Bershad and Schulman denied wrongdoing, and said they ...
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