The onetime securities class action powerhouse Milberg and its successor Milberg Tadler Phillips Grossman have been hit with another lawsuit by a former partner who claims he is being denied millions he is owed even as he suspects the firms have been raking it in.
David Bershad, a onetime partner at Milberg, said in a complaint filed last month that he is still owed almost $10 million by his former firm, which he said reorganized so it could avoid paying him. He said the only person owed more than him is Steven Schulman, another former partner who sued earlier this year for more than $15 million.
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