May 17, 2006

David Bershad and Steven Schulman, the two Milberg Weiss partners at the center of the Justice Department kickback probe, have taken a leave of absence from their firm. This comes as the firm tries to neogtiate a deal with the government that would spare it an indictment. According to ALM's Anthony Lin and Justin Scheck, Milberg Weiss will pay more than $100 million dollars, and agree to whatever restrictions the terms of the settlement impose, possibly including the supervision of their business activities by outside observers.