Damages Expert For Milberg Pleads Guilty To Perjury

Law360, New York (May 2, 2008, 12:00 AM EDT) -- A damages expert whom indicted law firm Milberg LLP has used in numerous securities class actions pled guilty in court Thursday to perjury for allegedly lying to judges about how he was being compensated.

John B. Torkelsen, 62, of Princeton, N.J., could be ordered to serve to up to five years in prison when he is sentenced Aug. 5, the U.S. Department of Justice said. He is currently serving time in federal prison in West Virginia in an unrelated case.

“Expert witness testimony is incredibly important...
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