A federal judge has sentenced David Bershad, a former senior partner at Milberg, and Steven Schulman, another former Milberg partner, each to six months in prison. The two are the last of the four former partners at Milberg, previously called Milberg Weiss, who were charged in the government's kickback case, which alleged the firm and seven of its partners obtained $251 million in attorney fees by making secret and illegal payments to lead plaintiffs in shareholder and class action securities cases.
Two former Milberg partners sentenced to 6 months for kickback scheme
The National Law Journal
October 28, 2008
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