Class Action Lawsuit Kickback Scheme Alleged
Here is an article from the New York Sun regarding a man who has been charged with accepting illegal payments in exchange for serving as a plaintiff in over a dozen class-action lawsuits.
The lawsuits involved are all class-action securities lawsuits. Also charged was the man's personal attorney.
The man has been charged with receiving more than $44 million in exchange for being a named plaintiff in the lawsuits! In addition the man actively encouraged other members of his family to become plaintiffs in similiar lawsuits.
The article also notes that the man was payed the illegal monies through a complicated system of law firms and lawyers. The article maintains that the once mighty Milberg Weiss firm of NY seems to have been the firm behind the payments.
A criminal investigation into the NY firm has been ongoing for the past few years.
The lawsuits involved are all class-action securities lawsuits. Also charged was the man's personal attorney.
The man has been charged with receiving more than $44 million in exchange for being a named plaintiff in the lawsuits! In addition the man actively encouraged other members of his family to become plaintiffs in similiar lawsuits.
The article also notes that the man was payed the illegal monies through a complicated system of law firms and lawyers. The article maintains that the once mighty Milberg Weiss firm of NY seems to have been the firm behind the payments.
A criminal investigation into the NY firm has been ongoing for the past few years.
posted by David Stone | 5:03 PM
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