Milberg Weiss, Ex-Partners Indicted In Kickbacks Scheme

Law360, New York (May 18, 2006, 12:00 AM EDT) -- Plaintiffs firm Milberg Weiss Bershad & Schulman and former partners David Bershad and Steven Schulman have been indicted by a federal grand jury for allegedly paying kickbacks to lead plaintiffs in nearly 150 class action suits.

The indictment also names the law firm itself as a defendant, as well as repeat Milberg plaintiff Seymour Lazar and attorney Paul T. Selzer, who allegedly aided in distributing cash from the firm to the lead plaintiffs.

In a 105-page indictment, prosecutors outline the charges, including conspiracy, racketeering, money laundering...
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