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It’s clear Milberg Weiss Bershad & Schulman is putting up a vigorous defense against its May indictment for an alleged kickback scheme involving plaintiffs in securities class action cases. But the firm has also been forced to deal with its clients and attorneys. Last week, in a securities class action against Chicago Bridge & Iron, lead plaintiff Fortis Investment Management officially replaced Milberg with D.C.-based Cohen, Milstein, Hausfeld & Toll and Spector, Roseman & Kodroff. But Milberg didn’t go down without a fight. The firm maintained its representation of co-lead plaintiff Metzler Investment. So the three law firms will act as co-lead counsel and expect to file an amended complaint sometime in July. Milberg also lost at least two lawyers last week, including D.C.-based of counsel Reuben Guttman, who is leaving to help start Wolf Haldenstein Adler Freeman & Herz’s D.C. office. Guttman, who was Milberg’s only attorney in Washington, says he left because he wants to handle cases that go beyond securities work. New York-based Milberg partner David Brower joined Baltimore class action lawyer Charles Piven’s firm, renamed Brower Piven.
Anna Palmer can be contacted at [email protected]. Emma Schwartz can be contacted at [email protected].

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