At a court hearing Tuesday, securities class action law firm Milberg defended a pay deal with co-founder Melvyn I. Weiss, who was sentenced last month to 30 months in prison for orchestrating a scheme to pay kickbacks to individual plaintiffs in shareholder suits. Milberg partner Matthew Gluck said the agreement to pay Weiss 15 percent of fees on matters being handled by the firm had proceeded with the government's full knowledge.
Milberg Firm Defends Pay Deal With Weiss
New York Law Journal
July 16, 2008