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| | Grand Jury Indicts Law Firm, 2 Partners |
 | | LOS ANGELES -- A federal grand jury has indicted New York-based Milberg Weiss, Bershad and Schulman in a scheme that paid more than $11 million in illegal kickbacks to get people to take part in shareholder lawsuits, The Associated Press reported Friday. |
 | | Lawsuits by the top class-action law firm, the lead plaintiff in more than half the federal shareholder suits settled from 1997 to 2004, generated hundreds of millions of dollars in attorneys' fees, the indictment said, according to the AP. |
 | | Bershad's attorney, Andrew Lawler, said his client "categorically denies the allegations of the indictment." Lawler said the use of the racketeering law was unjustified, the AP reported. |
| www.nysscpa.org /home/2006/506/3week/article53.htm (286 words) |
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