Milberg’s Schulman, under indictment, quits
- Share via
Steven G. Schulman, a partner at New York law firm Milberg Weiss Bershad & Schulman, resigned, eight months after he and the firm were indicted on charges of giving kickbacks to clients in exchange for filing complaints against companies.
Schulman, 55, was charged in May along with partner David Bershad, 67, and the firm in a 20-count indictment alleging mail fraud and conspiracy. The government claimed that they gave three clients $11 million for allowing Milberg to represent them in securities fraud suits against publicly traded companies.
The two lawyers and the firm, which is renaming itself Milberg Weiss & Bershad, pleaded not guilty in federal court in Los Angeles in July.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
