Congressional Democrats Come to Defense of Milberg Weiss

Good news is in somewhat short supply for Milberg these days. This'll have to do...

Via TheLawyer.com:

US Congress slams Milberg Weiss indictment

The Lawyer
June 14, 2006

Milberg Weiss Bershad & Schulman, the US plaintiffs’ firm recently indicted for alleged referral fees, has picked up a powerful ally in the shape of the US Congress. Congress issued a statement slamming the US Department of Justice’s actions in indicting Milberg Weiss.

Signed by four Democrat Congressmen - Charles Rangel, Carolyn McCarthy, Gary Ackerman and Robert Wexler - the statement says: “The unprecedented recent indictment of Milberg Weiss Bershad & Schulman is a very thinly veiled attempt by the Bush Administration to accomplish by bullying and intimidation what it has not been able to do by law - to end class-action lawsuits, one of the few tools remaining to safeguard the American consumer.”

The statement comes almost a month after Milberg Weiss and name partners David Bershad and Steven Schulman were indicted by Los Angeles federal prosecutors for allegedly paying referral fees to named plaintiffs in shareholder lawsuits.

For the record, both Melvyn Weiss and Bill Lerach have long said that the government's years-long investigation into their conduct has been politically motivated... The original Lawyer article appears here.

-- MDT