Steven G. Schulman, the disbarred lawyer who was once a partner at class action powerhouse Milberg, has reached a settlement in a $15 million suit he filed against the firm for falling behind on its scheduled payments to him.

In 2007, Schulman pleaded guilty to racketeering conspiracy. He was made to pay $2 million and served six months in prison after he was implicated in a scheme to pay named plaintiffs in class actions that also led to prison time for several of his partners.

In a suit Schulman filed earlier this year, he said the firm owed him $15 million for capital account and other withdrawal payments, noting he was the firm's biggest creditor.