Back in April, Milberg Weiss partners David Bershad and Steven Schulman withdrew from a securities class action in Maryland, but that wasn’t enough to keep the firm on the case after it was indicted for an alleged kickback scheme on Thursday.
The partners had been representing the Ohio Tuition Trust Authority in a class action, but a day after L.A. prosecutors indicted the firm, Ohio Attorney General Jim Petro moved swiftly to fire Milberg Weiss Bershad & Schulman from the case, citing the firm’s indictment as the reason.
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