Class action law firm Milberg today (17 June) reached a $75m (£38.1m) settlement with federal prosecutors over the payment of kickbacks to individual plaintiffs in shareholder cases, writes the New York Law Journal. The firm - four of whose former name partners have pleaded guilty in the past year to criminal charges relating to the payments - will pay the sum in installments until 2012.
June 17, 2008 at 05:47 AM
1 minute read
The original version of this story was published on Legalweek
Class action law firm Milberg today (17 June) reached a $75m (£38.1m) settlement with federal prosecutors over the payment of kickbacks to individual plaintiffs in shareholder cases, writes the New York Law Journal.
The firm – four of whose former name partners have pleaded guilty in the past year to criminal charges relating to the payments – will pay the sum in installments until 2012.
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