Those who think trial lawyers are a bunch of crooks now have Exhibit A, with the indictment Thursday by U.S. attorneys (see photo) of Milberg Weiss Bershad & Schulman, the nation’s leading class-action law firm. Milberg Weiss and two of its partners are charged with paying more than $11 million in kickbacks to three individuals who were plaintiffs in more than 150 lawsuits that generated about $216 million in fees for the firm. Whether there are convictions or not, analysts predict that the indictments could be the firm’s downfall but note that there are plenty of other law firms ready and willing to do the same work.
Posted by Phillip Brownlee
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