Merger talks between New York plaintiffs giant Milberg Weiss and San Francisco's Lieff Cabraser Heimann & Bernstein have ended. Lawyers familiar with the negotiations said they ultimately hinged on the willingness of Milberg Weiss' Melvyn Weiss, who's spent the past four decades or so keeping his firm at the top of the plaintiffs bar. With such a history, it's a tough decision to relinquish control. Milberg Weiss is currently under indictment for allegations it paid illegal kickbacks to clients.
October 05, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
At the time, it looked like a good deal for everyone: Lawyers at the New York plaintiffs giant Milberg Weiss, under indictment for allegations it paid illegal kickbacks to clients, would get to bring their caseload to a firm that wasn’t radioactive.
And that other firm, San Francisco’s Lieff Cabraser Heimann & Bernstein, would get to fill up its spacious New York offices with experienced securities litigators with a ready-made load of top-notch cases.
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