Many observers say the Private Securities Litigation Reform Act was aimed at putting Milberg Weiss and especially partner William Lerach -- the lawyer many corporate executives love to hate -- out of business. Instead, according to a study by a Stanford Law School research group, Milberg Weiss is doing better than ever, serving as lead or co-lead plaintiffs' counsel "in over 50 percent of all post-Reform Act cases settled to date."
Milberg Weiss Stronger Than Ever Despite Reform Act
New York Law Journal
April 24, 2003