Milberg Weiss Kickbacks Hurt Class Members: Study

Law360, New York (May 28, 2008, 12:00 AM EDT) -- The kickbacks that indicted law firm Milberg Weiss LLP paid to named plaintiffs in shareholder class actions might have come from attorneys' fees, but a new study examining fees in class action cases suggests that the fraud wasn't necessarily “victimless.”

In a report released Wednesday, Professor Michael Perino of St. John's University School of Law found that Milberg Weiss asked for fee requests that were about 5% higher than those of other law firms and that the fee requests were higher in cases later targeted in...
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