Milberg Weiss Bershad & Schulman and a spinoff firm led by William Lerach dominated securities class actions over the last twenty years. But in 2006 and 2007, prosecutors indicted the Milberg firm, Lerach, Mel Weiss, David Bershad, and Steven Schulman for paying kickbacks to “class representative” plaintiffs, who were supposed...

Media Inquiries: Sara Hunekesara.huneke@aei.org; 202.862.4870

FOR IMMEDIATE RELEASE: May 30, 2008

Yesterday, the AEI Legal Center for the Public Interest released an important new empirical study with implications for the...

Trial lawyers used the Enron scandal to successfully and legally extort billions of dollars from investment banks with a legally meritless lawsuit.

Judges and politiciansmust not allow securities litigation to continue to spiral out of control.

Judges and politiciansmust not allow securities litigation to continue to spiral out of control.

Patent litigation is broken, and Congress is every bit as qualified as--and often more qualified than--the courts to fix it.

Has the Class Action Fairness Act curbed abusive class actions, and will it do so in the future?