Damages Expert For Milberg Weiss Pleads Guilty

Law360, New York (February 29, 2008, 12:00 AM EST) -- A damages expert used by law firm Milberg Weiss LLP in numerous securities class actions has pled guilty to perjury, marking the latest plea agreement in the long-running investigation into allegations that the firm paid kickbacks to repeat plaintiffs.

John Torkelsen, who is currently serving time in federal prison for an unrelated case, entered his guilty plea on Thursday in the U.S. District Court for the Eastern District of Pennsylvania. In the plea, Torkelsen admitted to lying to several judges in securities class action cases....
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