Milberg Kickback Plaintiff To Serve 3 Months In Prison

Law360, New York (October 8, 2008, 12:00 AM EDT) -- A man who accepted kickbacks from the firm formerly known as Milberg Weiss LLP in exchange for serving as lead plaintiff in 40 securities class actions has been sentenced to three months in prison and two years of supervised release.

Howard Vogel, the first to plead guilty in the long-running scheme, has also been ordered to pay the government a $4,000 fine, according to documents filed Monday in the U.S. District Court for the Central District of California.

Judge John F. Walter recommended Vogel serve the...
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.