May 4, 2004 |
Milberg Weiss Bershad Hynes & Lerach, a prominent law firm specializing in shareholder suits against publicly traded companies, split into two firms, the principals said Monday. The move also divided the law firm's two best-known partners -- Melvyn Weiss and William Lerach -- after they had worked together for more than two decades, winning billions of dollars in recoveries from lawsuits. Word that the firm would be broken up surfaced last year.
January 25, 2002 |
A federal grand jury in Los Angeles is investigating the activities of Milberg Weiss Bershad Hynes & Lerach, a controversial New York-based law firm that has brought hundreds of shareholder lawsuits against American corporations, sources close to the case said Thursday. Led by San Diego attorney William Lerach, the firm has been at the forefront of a flood of investor lawsuits filed recently against bankrupt Enron Corp.
June 12, 2003 |
Milberg Weiss Bershad Hynes & Lerach, the biggest law firm representing investors in fraud suits, has decided to split in two because it has grown too large to be managed efficiently, senior partners said Wednesday. The decision came in the last three days to divide the firm into two entities, to be based in New York and San Diego, said partner William S. Lerach, who heads the San Diego office.
March 4, 2003 |
Milberg Weiss Bershad Hynes & Lerach, the largest U.S. securities law firm, won't be able to pursue a lawsuit in state court on behalf of New York City pension funds against J.P. Morgan Chase & Co. and other WorldCom Inc. investment banks, a federal judge ruled Monday. The funds may be forced to become part of a shareholder class-action lawsuit filed in federal court in New York against officers and banks employed by ailing WorldCom, the second-biggest U.S. long-distance company, lawyers said.
April 29, 2006 |
A retired real estate mortgage broker has agreed to plead guilty to a criminal charge related to claims that he took more than $2.4 million in kickbacks from Milberg Weiss Bershad & Schulman, a New York-based law firm, to be a plaintiff in securities-fraud cases. Howard J.
January 26, 2002 |
The high-profile law firm Milberg Weiss Bershad Hynes & Lerach confirmed Friday that it is the subject of a Los Angeles federal grand jury probe that is examining whether the firm and others paid people to serve as plaintiffs in shareholder class-action suits. Criminal defense lawyers said Friday that a wave of grand jury subpoenas issued to shareholders who had repeatedly appeared in the lawsuits had touched off a scramble for representation.