Lawyers Face Charges Over Alleged Kickbacks

U.S. prosecutors have told lawyers Steven Schulman and David Bershad, partners in New York's Milberg Weiss Bershad & Schulman, that they'll be charged with participating in a scheme to pay kickbacks to clients, Schulman's lawyer said.

Assistant U.S. Atty. Richard Robinson told Schulman and Bershad on Monday that they faced wire fraud and money laundering charges, said Edward Hayes.

A lawyer for Melvyn Weiss, the firm's lead partner, said Tuesday that prosecutors told Weiss and William Lerach, Weiss' former partner, that there were no plans to charge them in the five-year probe of possible kickbacks.