PointofLaw.com
 Subscribe Subscribe   Find us on Twitter Follow POL on Twitter  
   
 
   

 

 

Milberg Weiss Prosecution: Harm, Foul



The American Enterprise Institute sponsored a talk yesterday by law professor Michael Perino of St. Johns University, who presented his new paper, "The Milberg Weiss Prosecution: No Harm, No Foul?" The Examiner's Quin Hillyer was on hand, and his summary in today's editorial hits the highpoints:

Class-action lawsuit fraud is not a victimless crime. At the very least, it harms the clients on whose behalf the lawyers are supposed to be working. So concludes respected St. John's University law professor Michael Perino in a new data-driven analysis that shows a clear correlation between the incidence of corruption within disgraced law firm Milberg Weiss and higher fee requests and fee awards by and to the firm. Of course, if a law firm receives a larger portion of a court settlement, the firm's clients receive proportionally less -- which, in Perino's words, is indeed "a real economic harm" to those same clients.

Ted Frank hosted the event and AEI's Peter Wallison interlocuted. The paper and related materials are now online:


Related Entries:

 

 


Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.