MILBERG WEISS INVESTIGATION: NO INDICTMENT OF NAME PARTNERS . . . The reporting about the Milberg Weiss investigation continues at Law.com, where Justin Scheck has this: "Lerach, Weiss May Not Face Indictments"--
[L]awyers familiar with the case say prosecutors were unable to get much beyond the accusations that came up in connection to [former Milberg clients Steven] Cooperman and [Seymour] Lazar that Milberg Weiss would pay referral fees to third-party lawyers who would then pass those payments on to the lead clients.
With Lazar refusing to cooperate with the government -- and Cooperman's testimony compromised by the fact that he offered it in exchange for reduced prison time -- prosecutors apparently were unable to build a case that Weiss and Lerach knew of such payments.
It looks like the predicted fizzle-out is coming to pass, which might disappoint the New York Times, which breathlessly reported last July that the investigation would reignite "heated debates about the tort system" and "influence how all plaintiffs' lawyers practice."
The New York Times report about the latest developments is titled "U.S. Case Against 2 Lawyers Appears to Falter."