Montclair Attorney Faces U.S. Indictment

A Montclair lawyer is among those named yesterday in a 20-count indictment by a federal grand jury in Los Angeles. The NY based firm of Milberg Weiss Bershad & Schulman, the nation’s leading class-action securities law firm, and two prominent partners, David J. Bershad of Montclair and Steven G. Schulman, are accused of racketeering conspiracy, mail fraud, money laundering conspiracy, and obstruction of justice.
The accused are charged with providing $11 million of “kickbacks” over a period of 20 years to three people who served as plaintiffs in over 150 lawsuits, reports the New York Times.
The firm and lawyers for Mr. Bershad, 66, and Mr. Schulman, 54, said they would fight the charges and have issued a statement on the firm’s website denying any wrongdoing.

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16 COMMENTS

  1. whoa! racketeering conspiracy, mail fraud, money laundering conspiracy, and obstruction of justice. Holly cow!
    I wonder if they have lawnmowing jobs they can fall back on

  2. “whoa! racketeering conspiracy, mail fraud, money laundering conspiracy, and obstruction of justice…”
    Just another day in Jersey, that’s all.

  3. hmmm…i wouldn’t be too quick to buy the government’s case. these guys have been trying to get rid of firms like this decades…. smacks of a political vendetta to me…

  4. Class action lawsuits that benefit the lawyers rather than the injured parties are an abomination. They are really a lawyers’ tax on the consuming public who ultimately pay the costs for the settlements. The fact that the lawyers allegedly were illegally spliting their take with the nominal plaintiff just confirms who were the real beneficiaries of these suits. Vindication of the public interest should be left to government agencies.

  5. but government agencies haven’t exactly done a stellar job at keeping corporate greed in check. yes, class action lawyers do well, but they also do good.

  6. seem possible that some of ’em might do a little, uh, *extra* good, eh?

  7. Whatever happened to “innocent until proven guilty”?
    For every ambulance chaser, there are plenty of class action lawyers who help keep out water clean (Ciba in Jackson Twp), or our kids safe (thalomide, anyone?) or our rides less fiery (Ford Pinto).
    Ford saved something like $7 a car by cutting back on fire safety and several dozen people died. That’s how much their customers lives meant to them. $7!

  8. Then what about the poor person that gets terminated for standing up for a trying to defend someone else’s rights. Now that’s a shame.

  9. Then what about the poor person that gets terminated for standing up trying to defend someone elses rights against a hostile work envoronment. Now that’s a shame.

  10. Then what about the poor person that gets terminated for standing up trying to defend a co-worker’s rights against a hostile work envoronment. Now that’s a shame.

  11. No one is criticizing the “honest” champions of meritorious causes, but if Bershad paid someone to act as the aggrieved claimant (in multiple cases, no less) then he corrupted the system, violated the law and deserves to be punished.

  12. Amazing how some people quickly lapse into justifying the means because they are in sympathy with the ends.

Comments are closed.