Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, July 11, 2007

Milberg Client Pleads Guilty to Accepting Kickbacks

Steven G. Cooperman pled guilty in California to taking $6.1 million in kickbacks from Milberg Weiss to serve as lead plaintiff in a number of class action law suits brought by the firm.  David Bershad, a former name partner in the firm, pled guilty last week in New York.  The trial of the firm and another former partner, Steven Schulman, is scheduled to begin in January.  See NYTimes, Milberg Client Pleads Guilty to Taking Pay to File Suits.

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