Settlement Discussed With Milberg Weiss

Posted on June 1st, 2007

Milberg Weiss & Bershad LLP is talking with federal prosecutors about a potential settlement regarding the accusations of improper kickbacks in class-action suits. Milberg partner David Bershad is also in talks with prosecutors about a personal guilty plea.

The firm and Bershad were indicted in 2006, along with former partner Steven Schulman. The indictment of the firm lists 20 charges related to the payment of $11.3 million in kickbacks.

An agreement between Milberg and prosecutors might be finalized withn a few weeks. The settlement would likely include the payment of a fine and some future monitoring of the firm and its business practices.

Related posts:

  1. Milberg Weiss Partner Pleads Guilty
  2. Milberg Weiss indicted on charges of conspiracy to give kickbacks in class-action cases
  3. Attorney pleads guilty to charges related to Milberg Weiss federal investigation
  4. Concerns Arise Over Expert Witness Fees Paid by Milberg Weiss
  5. Plea Agreement with Bill Lerach

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