And then there were none. Paul Selzer, the last defendant in the Milberg kickback case, has pleaded guilty to tax obstruction charges. Here’s the AP account. (Our apologies, LB readers, on the reprised Mel Weiss photo, but after a lengthy search, we’ve concluded that Mr. Selzer has, through all this, managed to elude the long [...]

Mel Weiss may be due to report to prison soon, but he’s still fighting to share in Milberg’s legal fees. Weiss in June was sentenced to 30 months in prison for his role in Milberg’s scheme to pay kickbacks to clients. Also in June, the firm reached a deal with the government in which it [...]

The WSJ editorial board — none too happy with what it sees as Congress’s lack of response to tort bar transgressions — today applauds prosecutors for their take-down of Milberg LLP, which on Monday inked a $75 million settlement agreement with the government. If there’s a moral to the story, writes the WSJ ed board, [...]

For better or worse, we can now (almost) close the book on the Milberg Weiss saga. Yesterday, the U.S. attorney’s office in Los Angeles and the firm — now known as Milberg LLP — announced a settlement agreement. In exchange for $75 million, an admission of wrongdoing and a smattering of other concessions, the government [...]

We’ve got some more details, Loyal LB’ers, in the closely-watched Milberg non-prosecution agreement, which, reported Nathan Koppel in Saturday’s WSJ, could be announced as early as next week. Milberg was indicted in 2006 for allegedly paying more than $11 million in kickbacks to clients in exchange for their serving as lead plaintiffs in securities class [...]

Bill Lerach, the famed plaintiffs lawyer currently serving a 24-month prison sentence, is seeking to enter a prison alcohol-treatment center. Here’s a copy of his motion, filed today; click here for a story from the NY Sun’s Josh Gerstein. According to the motion, filed by John Keker, his lawyer: “Lerach has struggled for years with [...]

While we lounge around this morning, sipping coffee and awaiting the sentencing of Mel Weiss — which we expect at 10 a.m. (PDT) — we’ve got some Milberg-related news to mull. On the front-page of today’s WSJ, Nathan Koppel reports that Milberg is close to reaching a settlement with federal prosecutors over the the firm’s [...]

The following was reported by the WSJ’s Rhonda Rundle in Los Angeles and Nathan Koppel in New York. This just in: Melvyn Weiss, the plaintiffs’ lawyer who pioneered a controversial and lucrative area of law suing corporations on behalf of shareholders, was sentenced today in federal court in Los Angeles to 30 months in prison. [...]

As reported a few moments ago, Mel Weiss was sentenced to 30 months in prison. That’s six months more than the two years his former partner Bill Lerach is serving. But it’s three months short of the sentence the prosecution had sought.
Was the judge more sympathetic to Weiss? It seems that perhaps he was. According [...]

Editor’s Note: In the past week, this blog posted about letters in support of plaintiffs lawyer Melvyn Weiss in anticipation of his sentencing, scheduled for Monday in Los Angeles. See the posts here and here. One of Mr. Weiss’s lawyers, Kenneth White, sent a letter in response to the posts. The letter appears below.
This Firm [...]