Three senior members at New York’s Milberg Weiss Bershad Hynes & Lerach L.L.P. have decided to withdraw as partners. By leaving their posts in 1999, each avoided the multimillion-dollar hit they would have taken to contribute to Milberg Weiss’ stunning $50 million settlement with Lexecon Inc., which was not covered by insurance.
Alan Schulman, managing partner of Milberg Weiss’ powerful San Diego office, caused a stir by joining the enemy. He will set up a San Diego office for New York’s Bernstein Litowitz Berger & Grossman L.L.P., a smaller shop that hopes to eat Milberg Weiss’ lunch.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]