US class action leader Milberg Weiss Bershad Hynes & Lerach has officially announced its high profile split after months of wrangling to create two new plaintiff firms.

The arrangement will see the bulk of firm’s East Coast practice form 41-partner Milberg Weiss Bershad & Schulman, with offices in New York, Boca Raton, Delaware, Washington DC as well as outposts in Los Angeles and Seattle.