Class-action lawsuit firm Milberg LLP has cut a $75 million deal with federal prosecutors to avoid misconduct charges.

Under the settlement, prosecutors have agreed to dismiss all charges against the firm, formerly known as Milberg Weiss Bershad Hynes & Lerach LLP, in return for payments over the next five years. The firm was involved in lawsuits against PricewaterhouseCoopers over its Tyco audits and against KPMG over its tax shelters, as well as against WorldCom executives.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access