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Law firm says partner to be indicted in lawsuit kickback scheme
AP via SFGate ^ | 9/19/7 | GREG RISLING

Posted on 09/19/2007 4:24:58 PM PDT by SmithL

Los Angeles (AP) -- A New York law firm accused of paying kickbacks to plaintiffs in class-action and shareholder lawsuits said Wednesday that one of its partners will be indicted and more charges will be filed against the firm.

(Excerpt) Read more at sfgate.com ...


TOPICS: Crime/Corruption; Government
KEYWORDS: 99percenter; weiss
Another 99 percenter.
1 posted on 09/19/2007 4:25:02 PM PDT by SmithL
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To: SmithL

Makes you wonder whether this law firm has any honest attorneys.


2 posted on 09/19/2007 4:26:47 PM PDT by Brilliant
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To: SmithL

If this is going to go forward the every single ADA case is going to have a problem because ALL the cases pay kickbacks to the participates who claim injury in one form or another.


3 posted on 09/19/2007 4:29:15 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: longtermmemmory

These were securities cases. The legitimate way to do it is to represent some shareholder with a significant amount of stock, such as a labor union pension fund. Milberg Weiss was getting in the cases by paying plaintiffs to go to court, which is a no no. A legitimate plaintiff would make some money on the case and no need to get a kickback.


4 posted on 09/19/2007 4:35:40 PM PDT by Williams
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To: SmithL

Virtually all class-action lawsuits, in their present day form, are scams. An individual plaintiff within the class gets a couple hundred bucks and the firm handling the case gets millions on a percentage. Not to mention the cut that referring “farmers” (lawyers that do just enough paperwork to merit a pay-out on their referral).

Class actions are only a valuable thing to plaintiffs if the class is small and manageable. Nationwide class actions are a lawyer’s retirement dream.


5 posted on 09/19/2007 4:40:02 PM PDT by Hornet19 (It's Time to Put Up or Shut Up...Where Do You Stand?)
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To: Hornet19

Nice summation. There was a good market/consumer protective effect with the threat of these cases, i.e., cause for pause by the corporations and, indeed, the government (e.g. in taxpayer cases). But, ala$, the incentive$ and reward$ of abu$e (legi$lated by the whore$ in Congre$$ and do gooder judges) trumped the spirit and purpose of the class action vehicle for redress...


6 posted on 09/19/2007 8:43:02 PM PDT by eureka! (Is power so important to the Democrats that they are willing to betray our country? Sadly, yes.)
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