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Milberg to pay $75m to resolve criminal charges, say sources
Milberg could agree to pay $75m as soon as this week as part of an agreement to resolve criminal charges against the New York firm in the US Government's kickback case, according to a source familiar with the situation. Federal prosecutors have alleged that Milberg and seven of its partners conspired to obtain $251m in attorney fees by paying kickbacks to lead plaintiffs in shareholder and class action lawsuits.
June 13, 2008 at 05:47 AM
1 minute read
The original version of this story was published on Legalweek
Law.com’s weekly US Briefing brings you the pick of this week’s news, analysis and comment from the States
Milberg to pay $75m to resolve criminal charges, say sources
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