Agreeing to forfeit $7.75 million and pay a $250,000 fine, David J. Bershad, a name partner at plaintiffs law firm Milberg Weiss & Bershad, has pleaded guilty to federal charges that he conspired in the payment of illegal kickbacks to individual class action plaintiffs. The guilty plea and promise of cooperation by Bershad raises the possibility that prosecutors will move forward with indictments of Melvyn I. Weiss and William S. Lerach, long thought to be the original targets of the investigation.
Milberg Weiss' Bershad Pleads Guilty to Conspiracy in Kickback Plan
New York Law Journal
July 10, 2007