X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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].

This content has been archived.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 Advance® 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]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.