You know you want it...

WSJ's Peter Lattman shines some light on David Bershad, former Milberg partner who held the firm's purse strings. Bershad has been facing an indictment but has recently made a deal with prosecutors, touching off specualtion about exactly what sort of information he might be sharing with them about his former associates.

Larry Ribstein at Ideopblog ponders the Ironies of Lerach. Worth mentioning if only for the reference to Mr. Lerach's hair as daunting. From seeing it in person (in a mall parking lot in Honolulu - yes, I have seen Lerach in flip-flops.) I would have gone with hypnotizing, but daunting fits too. I don't often see eye to eye with Ideoblog, but Ribstein's punditry is to be reckoned with. Daunting, even.

Also from the WSJ, the SEC will apparently side with shareholders when it comes to the legitimacy of filing suit against third parties for the actions of the shareholders' company. While the issue arose from an unrelated case, the apparent outcome is sure to help Lerach Coughlin's current case pursing compensation from investment banks on behalf of former Enron shareholders.

-- MDT

Labels: Bill Lerach, Melvyn Weiss, Milberg Weiss