The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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6/25/2006
Chicago Lawyer The Latest to Face Scrutiny Over Connection to Milberg Securities Cases
Last week it was Denver, Colorado's Gary Lozlow. This week it is William Cavanagh of the Springfield, Illinois law firm Cavanagh & O'Hara who has come under scrutiny for his role in several cases involving the embattled plaintiffs' firm, Milberg Weiss. Milberg is currently under indictment in relation to charges that the firm paid kickbacks to individuals in exchange for their serving as leap plaintiffs in the firm's class action securities litigation.

While none of the charges in the Milberg indictment stem from cases that involved Cavanagh's firm, prosecutors have cast an increasingly wide (and some have alleged, politically motivated) net. Cavanagh's activities have come into question because he acted concurrently as a consultant to Milberg whilse simultaneously serving as General Counsel for the Illinois Central Laborers' Pension Fund, a post he has held for 16 years.

More here. And still more, here.

-- MDT

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