Steven Schulman, a name partner at Milberg Weiss Bershad & Schulman, resigned from the embattled class action powerhouse Friday, seven months after he and another partner were indicted in an alleged kickback scheme involving the firm’s securities class action clients.
Schulman, in a press release, said he wants to “seek new opportunities and become more active again in the practice of law.” It’s unclear whether he will set up his own firm. Through his assistant, Schulman declined to comment, referring questions to his spokesman.
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