Plaintiffs Sue Law Firms Over Kickback Scandal

Law360, New York (August 03, 2007, 12:00 AM ET) -- A group of plaintiffs are turning on their well-paid lawyers, suing two high-profile class action firms over an alleged scheme to win the coveted lead counsel trophy by bribing clients to serve as class representatives.

The firms—Milberg Weiss Bershad & Schulman LLP and Lerach Coughlin Stoia Geller Rudman & Robbins LLP—are accused of a 20-year practice of making under-the-table payments and exaggerating the losses of their clients to earn lead status. They face multiple allegations of breach of duty, mail and wire fraud, and bribery in...
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