When its California operation split off in 2004, Milberg Weiss leaders had a choice: Break up their partnership and form a new firm, or continue as the same entity. A probe of the firm and its leaders seemed to focus on departing California partner William Lerach, and dissolving was expensive. So the New York firm's executive committee decided to keep the partnership intact, banking they'd be out of the investigation's shadow once the split was done. They made the wrong choice, and not for the last time.
Bad Choices Dog Weiss in Milberg Probe
October 18, 2007