Steven G. Schulman, the disbarred lawyer who was once a partner at class action powerhouse Milberg, has reached a settlement in a $15 million suit he filed against the firm for falling behind on its scheduled payments to him.

In 2007, Schulman pleaded guilty to racketeering conspiracy. He was made to pay $2 million and served six months in prison after he was implicated in a scheme to pay named plaintiffs in class actions that also led to prison time for several of his partners.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]