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Article: Milberg Weiss Co-Founder Indicted; Others Plead Guilty
- Article from:
- Daily News
- Article date:
- September 21, 2007
- Author:
CopyrightCopyright 2007 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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LOS ANGELES (HedgeWorld.com) - The government has ratcheted up the
pressure yet again on embattled securities class action-oriented law
firm Milberg Weiss LLP, and two new plea agreements bear witness to
the effects of that pressure. But the embattled firm has vowed to
fight on.
Milberg Weiss and its precursor firms have been at the center of
much recent litigation affecting the alternative investments
industry. But the last two years have been rocky. In June 2005, a
California grand jury indicted Seymour Lazar for fraud, conspiracy,
money laundering, and obstruction. Mr. Lazar wasn't a member of