Ex-Milberg Weiss managing partner David J. Bershad admitted involvement in paying kickbacks to individuals who agreed in return to serve as class representatives. Mr. Bershad will forfeit $7.75 million and pay a $250,000 fine. He will also cooperate with the government’s ongoing case against others.
See the NYT story here.
Will Mr. Bershad’s guilty plea pressure others to do likewise? Does it signal an impending deal with the firm or other Milberg lawyers? Why does Blawgletter ask so many questions?