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Government Going After Lawyers and Referral Fees
The government will indict two very rich plaintiff's class action lawyers, within the next month, according to a press release issued by their law firm, Milberg Weiss Bershad & Schulman and reported by Boomberg.com.
The indictment will allege that these leading securities fraud class action lawyers participated in a scheme that not only paid referal fees to other lawyers (which is OK, so long as client consents) but directed some of the fees to the clients.
This will be a very interesting case to watch as this law form reportedly has settled over $30 billion, yes billion in cases.
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