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Article: INFORMATION ISSUED BY U.S. ATTORNEY'S OFFICE FOR THE CENTRAL DISTRICT OF CALIFORNIA ON MAY 18: MILBERG WEISS LAW FIRM, TWO SENIOR PARTNERS INDICTED IN SECRET KICKBACK SCHEME INVOLVING NAMED PLAINTIFFS IN CLASS-ACTION LAWSUITS

Article from:
US Fed News Service, Including US State News
Article date:
May 18, 2006
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The U.S. Department of Justice's U.S. Attorney's office for the Central District of California issued the following press release:

The New York-based law firm of Milberg Weiss Bershad & Schulman and two of its name partners were indicted today by a federal grand jury for allegedly participating in a scheme in which several individuals were paid millions of dollars in secret kickbacks in exchange for serving as named plaintiffs in more than 150 class-action and shareholder derivative-action lawsuits. The indictment alleges that the firm received well over $200 million in attorneys' fees from these lawsuits over the past 20 years.

The 20-count indictment charges Milberg Weiss and two ...

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