When the federal government indicted Milberg Weiss Bershad & Schulman in May 2006, the odds that the venerable plaintiffs’ firm would avoid utter collapse looked slim to none.
A mere three years later, the New York-based firm has scored a $750 million settlement against Xerox Corp. in a long-running case involving the company’s accounting manipulations. It ranked among the largest recoveries in securities litigation history and one of eight settlements the firm won this year of more than $10 million.
