Plea Bargain May Spell Trouble For Milberg Weiss

Law360, New York (November 4, 2005, 12:00 AM EST) -- A plea bargain by a former expert witness could whip up a storm for Milberg Weiss, amid allegations of kickbacks to lead plaintiffs by the firm that paved the way for the modern securities class-action industry.

The case could put a harsh light on the plaintiffs firm, feared by corporations and admired by many of its peers for its fearless readiness to confront the captains of industry with allegations of securities fraud.

John Torkelsen, dubbed by Fortune magazine as “the damages expert of choice for the...
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