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5/30/2008
Milberg Kickbacks, A Victimless Crime?
Milberg Kickbacks, A Victimless Crime?
Not so, says Michael Perino of St. John's University School of Law.
Perino, in a paper sponsored by the trial lawyer-loving fellas over at the American Enterprise Institute, compared 730 settlements negotiated by Milberg and found that those alleged to involve kickbacks actually saw a lower return to shareholders by a small but measurable percentage.
On the whole, Milberg collected some $25o million in legal fees on cases involving the kickbacks.
In addition to some interesting commentary on the impact of Milberg's illegal acts on the firm's clients, the paper also offers a pretty darn good re-cap of the kickback investigation and prosecution.
You can read Perino's The Milberg Weiss Prosecution: No Harm, No Foul right here.
-- MDT
Perino, in a paper sponsored by the trial lawyer-loving fellas over at the American Enterprise Institute, compared 730 settlements negotiated by Milberg and found that those alleged to involve kickbacks actually saw a lower return to shareholders by a small but measurable percentage.
On the whole, Milberg collected some $25o million in legal fees on cases involving the kickbacks.
In addition to some interesting commentary on the impact of Milberg's illegal acts on the firm's clients, the paper also offers a pretty darn good re-cap of the kickback investigation and prosecution.
You can read Perino's The Milberg Weiss Prosecution: No Harm, No Foul right here.
-- MDT
Labels: kickbacks, Michael Perino, Milberg, settlement
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