Federal prosecutors in Los Angeles have announced the indictment of plaintiffs firm Milberg Weiss Bershad & Schulman and two of its partners based on the findings of a six-year investigation into the law firm’s alleged payment of kickbacks to class action plaintiffs.
The 102-page indictment charges the firm and partners David J. Bershad and Steven G. Schulman paid three individuals more than $11 million pursuant to secret agreements giving them a percentage of legal fees of more than $200 million the firm received in class actions in which the individuals served as plaintiffs.
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