Milberg Weiss Kickback Scheme Yields Another Plea

Law360, New York (October 18, 2007, 12:00 AM EDT) -- Marking the latest card to fall in the Milberg Weiss scandal, the man who stood accused of accepting $2.6 million in secret payments in exchange for acting as the lead plaintiff in securities actions led by the firm pled guilty Thursday to obstruction of justice and two other charges.

After reaching a plea deal with prosecutors on Monday, 80-year-old Seymour Lazar pled guilty in the U.S. District Court for the Central District of California on Thursday to one count of obstruction of justice and one count...
To view the full article, register now.