A plea deal by a Los Angeles attorney has added another item toprosecutors' list of alleged activity by the New York-based MilbergWeiss Bershad Haynes & Lerach LLP law firm: to pay off personsto serve as plaintiffs in shareholder class action law suits.
Richard R. Purtich, 53, pleaded guilty yesterday to a felony taxoffense at U.S. District Court in Los Angeles. Among the charges,Mr. Purtich confessed to concealing $879,868 in income he was paidby Milberg Weiss in 1993.
He could serve as much as three years in prison, said theCentral District of California U.S. Attorney's Office.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
