Home

Former Millberg Partners Out of Prison and Moving On
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

They went from BigLaw to the Big House. Now the four former partners in Millberg Wiess Bershad Hynes & Lerach (now Millberg LLP) who pleaded guilty to paying kickbacks to clients are out and trying to move forward.

A report today in BusinessWeek gets us reacquainted with Melvyn Weiss, William Lerach, David Bershad and Steve Schulman. The quartet, which secretly paid clients to pursue securities fraud class actions that brought the firm $251 million in attorney fees from 1979-2005, received prison sentences of between six months and 2 ½ years. Lerach, 64, was freed March 8. Weiss was freed Feb. 5 and Bershad, 70, and Schulman, 58, were released last July.

According to the report, Weiss was given the nickname “Pops” while in the clink and is now “thinking about the experience” while working on his golf game in Boca Raton.  Bershad is back at his home  in Montclair, New Jersey, where “right now I am getting my life together.”

  
What
Where


Lerach said he plans to teach a course titled “Regulation of Free Market Capitalism — Why We Have Failed,” at a law school he declined to name, and Schulman declined comment in the story.

All four lawyers were disbarred for the transgressions. For more evidence that crime doesn’t pay, click here.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Attorney with motions experience

USA-WA-Seattle

Seattle office of our client seeks mid-level litigation attorney with 3-5 years of experience, inclu...

Apply Now

Environmental /Land Use Attorney with 2-3 years of experience

USA-CA-San Francisco

San Francisco office of our client seeks environmental /land use attorney with 2-3 years of experien...

Apply Now

Litigation Attorney with 2-5 years of insurance defense experience

USA-FL-Jacksonville

Jacksonville office of our client seeks litigation attorney with 2-5 years of previous insurance def...

Apply Now

Tax Associate with Real Estate / Capital Markets Experience

USA-IL-Chicago

Chicago office is seeking a tax attorney with 3-5 years of experience. Significant experience in rea...

Apply Now

RELEVANT JOBS

LITIGATION ATTORNEY

USA-CA-Emeryville

Boutique East Bay litigation defense firm is seeking a junior to mid-level attorney. Candidates for ...

Apply now

Managing Director, Litigation Finance Investments

USA-FL-Tampa

Title                ...

Apply now

Contract Associate

USA-CA-Sausalito

Seeking lawyer with at least 2 yrs experience in complex real estate transactional matters, with wil...

Apply now

Senior Associate Attorney

USA-CA-Irvine

We are a boutique-sized law firm (6 attys) seeking a self-motivated litigation senior associate from...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top