Crime | Milberg Weiss Law Firm Escapes Criminal Charges in $75M Deal Milberg will pay $75M, admit wrongdoing By Matt Cantor Posted Jun 17, 2008 7:41 AM CDT Copied Attorney Melvyn Weiss, co-founder of Milberg, right, and his attorney Benjamin Brafman, left, walk out of federal court in downtown Los Angeles, Friday, Oct. 12, 2007. (AP Photo/Damian Dovarganes) Ducking criminal charges, law firm Milberg LLP will pay the government $75 million and admit wrongdoing in a settlement following a 2-year-old indictment, the Wall Street Journal reports. The firm, which deals with shareholders' class-action lawsuits, acknowledges it paid kickbacks to attract clients between 1979 and 2005, enabling the firm to reap $239 million in fees. The case names former partners, but no current ones. “The settlement with Milberg reflects the seriousness of what was probably the longest-running scheme ever conducted by a law firm,” said a US attorney. Four ex-partners have pleaded guilty to paying kickbacks; one is in prison while another faces jail time. But “we can now say to courts and clients that we are not a firm under indictment,” said a Milberg rep. Read These Next Colorado wants to give 'peace of mind' on Hunter S. Thompson. Hiker lost for days in Idaho had no pants or shoes. Bad news for the famous 'Nirvana baby.' Elon Musk just reached a major money milestone. Report an error