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KPMG lead plaintiff: I was offered inducements

Today the snoozing New York Times rouses itself and actually reports a bit of fresh news possibly relevant to the Milberg scandal: "A lead plaintiff in a proposed tax shelter settlement that was brokered by the class-action securities law firm of Milberg Weiss Bershad & Schulman indicated that he was offered a financial incentive to serve as plaintiff, according to documents filed yesterday in federal court in Newark." The exact significance of the disclosure, however, is far from clear at the moment; the plaintiff in question, Claude Gerald Harris, "said that 'while these statements are largely true, they are taken out of context,'" and a Milberg spokesman claims the KPMG affair is wholly irrelevant to the charges in last week's federal indictment of the law firm.



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.