Milberg Lawyer: Charges Arbitrary
Posted Jul 5, 2007 8:39 AM CDT
By Debra Cassens Weiss
A former partner at the securities class-action firm Milberg, Weiss & Bershad contends in expanded court filings that government charges against him are arbitrary and vague.
Steven Schulman has been indicted along with another partner and the firm itself for allegedly paying kickbacks to lead plaintiffs.
In a motion to dismiss filed in Los Angeles federal court, Schulman says charges of "honest services" fraud are vague and the "very definition of arbitrary and chilling enforcement of the laws," the National Law Journal reports.
“The indictment nowhere alleges that any share of Milberg Weiss' fees allegedly paid to named plaintiffs in the federal cases caused any actual divergence of interests with, or harm to, the class," it reads.