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Life of a Law Student, University of Houston Law Center

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New York Times on Milberg Weiss, lead counsel manuevers

By: Luke Gilman | Other Posts by
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The New York Times is running background on the upcoming case U.S. v. Milberg Wiess (.pdf) in which Vogel, a Florida real estate developer intentionally invested in stocks of a particular company in the belief that it was on the verge of collapse. This was a rational thing for Vogel to do only because the resulting losses were the real investment, enabling him (with others) to have a shot at being the ‘largest loser’ in the case, and under securities law, naming his lawyer to the lucrative lead counsel position. Milberg Weiss apparently then compensated Vogel, illegally, from a cut of the law firms fees.

Link: For Law Firm, Serial Plaintiff Had Golden Touch

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