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BUSINESS
July 12, 2008 | From Times Wire Services
Lawyer Paul T. Selzer, the final defendant in a federal kickback case involving class-action lawsuits against big corporations, has agreed to plead guilty to a tax-related felony, prosecutors said. In a plea agreement filed in federal court in Los Angeles this week, prosecutors said Selzer accepted $49,539 from the Milberg Weiss law firm and then transferred nearly $19,000 to Seymour Lazar, a plaintiff in class-action lawsuits brought by Milberg. Selzer failed to tell the Internal Revenue Service that Lazar was the true beneficiary of the payment and other fees, to the plea document said.
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BUSINESS
July 12, 2008 | From Times Wire Services
Lawyer Paul T. Selzer, the final defendant in a federal kickback case involving class-action lawsuits against big corporations, has agreed to plead guilty to a tax-related felony, prosecutors said. In a plea agreement filed in federal court in Los Angeles this week, prosecutors said Selzer accepted $49,539 from the Milberg Weiss law firm and then transferred nearly $19,000 to Seymour Lazar, a plaintiff in class-action lawsuits brought by Milberg. Selzer failed to tell the Internal Revenue Service that Lazar was the true beneficiary of the payment and other fees, to the plea document said.
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BUSINESS
January 29, 2008 | Molly Selvin, Times Staff Writer
A Palm Springs man who prosecutors say was paid to act as a plaintiff in dozens of class-action lawsuits was sentenced Monday to six months' home detention and two years' probation and will pay more than $2 million. U.S. District Judge John F. Walter rejected pleas from attorneys for Seymour Lazar that the ailing 80-year-old be sentenced to probation only, saying that Lazar, a retired lawyer, showed "no respect" for the judicial system.
BUSINESS
January 29, 2008 | Molly Selvin, Times Staff Writer
A Palm Springs man who prosecutors say was paid to act as a plaintiff in dozens of class-action lawsuits was sentenced Monday to six months' home detention and two years' probation and will pay more than $2 million. U.S. District Judge John F. Walter rejected pleas from attorneys for Seymour Lazar that the ailing 80-year-old be sentenced to probation only, saying that Lazar, a retired lawyer, showed "no respect" for the judicial system.
BUSINESS
July 19, 2005 | From Bloomberg News
A second lawyer pleaded not guilty to money-laundering charges in an investigation of payments law firm Milberg Weiss Bershad Hynes & Lerach made to a plaintiff in class-action lawsuits. Paul T. Selzer, 64, entered the plea in federal court in Los Angeles. He is accused of helping to funnel illegal payments to Seymour Lazar, a retired lawyer now charged with receiving $2.4 million from Milberg Weiss. Lazar pleaded not guilty in June.
BUSINESS
October 16, 2007 | From Reuters
Pioneering U.S. shareholder lawyer Melvyn Weiss pleaded not guilty Monday to federal charges linking him to an illegal kickback conspiracy, but another defendant in the case plans to change his plea and admit guilt on some charges, his lawyer said. U.S. District Judge John Walter in Los Angeles also postponed the trial until August from an original start of January.
BUSINESS
July 15, 2008 | From the Associated Press
The last defendant in a major federal kickback case involving class-action lawsuits against some of the nation's biggest corporations pleaded guilty Monday to a tax-related felony. Under an agreement with prosecutors, Paul T. Selzer entered his plea to corruptly endeavoring to obstruct the Internal Revenue Service code.
BUSINESS
October 19, 2007 | From the Associated Press
A man prosecutors say was paid about $2.6 million to be a professional plaintiff who helped a New York law firm get lucrative class-action lawsuits pleaded guilty Thursday to obstruction of justice and two other charges. After reaching a plea deal, Seymour Lazar, 80, of Palm Springs appeared before U.S. District Judge John Walter in Los Angeles. He also pleaded guilty to one count each of subscribing to a false tax return and making a false declaration.
BUSINESS
June 25, 2005 | From Reuters
A California man has been charged with taking illegal kickbacks to act as a plaintiff in dozens of corporate class-action lawsuits filed by Milberg Weiss Bershad & Schulman, a move that brings a three-year federal probe to the door of one of the leading U.S. securities law firms. The indictment handed up by a federal grand jury in Los Angeles on Thursday comes as prosecutors try to make a case that Milberg Weiss improperly paid plaintiffs to file suits against publicly traded companies.
BUSINESS
April 20, 1985 | AL DELUGACH, Times Staff Writer
The former management of Beverly Hills Savings & Loan Assn. and the firm's former outside auditors, the accountants Touche Ross, have been sued in a stockholders' class action alleging that the S&L's stock price was "grossly inflated" since 1982 by misleading reports of its condition.
BUSINESS
September 21, 2006 | Molly Selvin, Times Staff Writer
The possibility of more indictments involving class-action law giant Milberg Weiss Bershad & Schulman caused the Los Angeles judge in the case Wednesday to postpone setting a trial date for the five defendants already charged. At a status conference, federal prosecutors and defense lawyers repeatedly alluded to the prospect of additional indictments, which many observers believe could involve William S. Lerach.
BUSINESS
February 22, 2006 | E. Scott Reckard, Times Staff Writer
After a five-year investigation, federal prosecutors have told prominent plaintiffs lawyers William S. Lerach and Melvyn Weiss that they do not face charges based on evidence that has emerged so far, a person close to the case said Tuesday. However, the U.S. attorney's office in Los Angeles left open the possibility that other lawyers who worked with Lerach and Weiss could be indicted within weeks, the person said.
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