Court Orders Review Of Milberg Weiss Indictment

Law360, New York (May 31, 2006, 12:00 AM EDT) -- In the latest development in the case against plaintiffs’ firm Milberg Weiss Bershad & Schulman, a Delaware court has asked the state's attorney disciplinary authorities to review the federal criminal indictment of former partner Steven Schulman.

Schulman, along with the firm itself, former partner David Bershad and outside attorney Paul T. Selzer, were indicted by a grand jury earlier this month in the ongoing probe into allegations of kickbacks paid out to shareholders willing to serve as plaintiffs in lawsuits.

Delaware's Office of Disciplinary Counsel, an...
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.