A day after prosecutors indicted Milberg Weiss Bershad & Schulman for an alleged kickback scheme, Ohio's attorney general fired the firm from a securities class action. It was perhaps the first concrete sign of the obstacles the firm will face as it gears up to defend itself against the charges. Within a day, speculation began rippling through the legal community about what the first criminal indictment against a leading plaintiffs firm could mean for its clients, competitors, employees and equity partners.
Fired From Case, Milberg Weiss Feels First Aftershock From Indictment
May 22, 2006