Prosecutors Evasive On More Milberg Indictments

Law360, New York (September 21, 2006, 12:00 AM EDT) -- Under pressure from the defense, government prosecutors in the fraud trial against law firm Milberg Weiss Bershad & Schulman LLP have indicated they will know in the next two months whether more indictments will be handed down.

On Wednesday, government prosecutor Doug Axel told a Los Angeles federal court that he could not yet definitively state whether more will be charged in the scandal that alleges Milberg Weiss paid kickbacks to lead plaintiffs.

"We aren't in a position to know right now," said Axel, before offering...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.