May 18, 2006 A respected law firm with offices from New York City to Los Angeles is facing charges for their alleged involvement in a scheme to pay kickbacks to clients. A six-year federal investigation could result in an indictment for the firm. Though the indictment would not prevent the firm from practicing law, it could potentially affect business. Efforts are being made to avert the indictment, but no consensus has been reached so far, as both sides are at odds over a deferred prosecution agreement. The firm, founded in 1965, employs more than 120 lawyers who practice commercial litigation involving securities, corporate fiduciary, consumer, insurance, healthcare, antitrust, mass tort and human rights. |
Milberg Weiss Bershad & Schulman Faces Indictment |
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