Milberg Weiss Bershad & Schulman, a leading class-action securities law firm, and two of its partners were charged yesterday with making secret payments to the tune of $11 million to three individuals who served as plaintiffs in more than 150 lawsuits.
A federal grand jury in Los Angeles indicted the firm and two of its prominent partners, David J. Bershad and Steven G. Schulman on 20 counts. They are accused of racketeering conspiracy, mail fraud, money laundering conspiracy and obstruction of justice.
Leave a comment