After the dozens of news stories, flurries of grand jury activity and periodic inquiries by the Los Angeles U.S. attorney’s office, there’s one enduring mystery in the ongoing attempt to prosecute the former plaintiff firm Milberg Weiss: Why’s it taking so long?
In the five years since prosecutors began probing the securities class action firm and star lawyer William Lerach, the investigation has produced a peripheral indictment, a trove of gossip and a look at some of Beverly Hills’ less savory characters.