After a six-year investigation, federal prosecutors in Los Angeles have indicted the New York securities class action firm Milberg Weiss Bershad & Schulman and two of its name partners.

The charges against partners David Bershad and Steven Schulman of conspiring to make illegal payments to clients in class actions — and to conceal those payments — have been widely expected for months, and the two partners took a leave of absence from the firm last week.

This content has been archived.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]