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Securities

Sep. 30, 2009

Firm Cleared in Document Case

A federal judge in San Diego has given the class action firm Milberg LLP a clean bill of health after examining allegations that it acted improperly.

By Gabe Friedman

Daily Journal Staff Writer

A U.S. judge in San Diego has given class action firm Milberg LLP a clean bill of health after examining allegations that it had acted improperly.

Last year, Milberg paid a $75 million fine so federal prosecutors would drop criminal charges the firm paid plaintiffs. Since that time, the firm - always reviled in the business community - has become a rich target for defense lawyers look...

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