The Milbeg indictment was no doubt quite a come-down for Bill Lerach, who was coming off collecting billions of settment dollars for clients in Enron-related litiga tion - what must surely be one of the highlights of his career as perhaps the most prominent securities plaintiff attorney in the country. Prosecutors have been somewhat transparently trying to nail Learch's former partner and Milberg patriarch, Melvyn Weis, so one has to wonder whether Learch feels the hot breath on the back of his own neck. According to friends quoted in the L.A. Times, not so much, actually.

--MDT

Labels: Enron, Milberg Weiss