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Keyword: vulturelawyers

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  • PIGEON HOLED; MILBERG POINTED PAID PLAINTIFFS TO WEAK STOCKS (vulture lawyers' phony lawsuits)

    06/07/2006 5:46:14 AM PDT · by Liz · 7 replies · 257+ views
    NY POST ^ | June 7, 2006 | RODDY BOYD
    Investors whom indicted class-action law firm Milberg Weiss paid to sue some of America's biggest companies were willing patsies who snapped up stocks the firm targeted as ripe for a fall, according to an attorney who worked with the firm. Milberg, in hot water with federal authorities for allegedly paying an investor $2.4 million to act as a plaintiff in dozens of lawsuits, actively coordinated its efforts to invest in companies that were likely to have a major stock-price decline. When these companies reported an operational or financial decline, this allowed Milberg to have a willing plaintiff for an initial...