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Article: Guilty Plea Puts Pressure On Firm; Ex-Milberg Weiss Official to Pay Fine, Help Government
- Article from:
- The Washington Post
- Article date:
- July 10, 2007
- Author:
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A former official at the Milberg Weiss law firm pleaded guilty
yesterday to a conspiracy charge, significantly advancing a criminal
investigation against one of the nation's largest class-action firms
and its top partners.
David J. Bershad, who oversaw financial operations at the New
York-based firm, agreed to forfeit $7.75 million, pay a $250,000
fine and tell the government about how he and others allegedly
obstructed justice and misled judges about secret payments to
plaintiffs in scores of securities lawsuits.
His cooperation intensifies the pressure on Milberg Weiss to
reach its own deal with the U.S. Attorney's Office for the Central
District of California before a scheduled court ...