Well, mail fraud looks to be out, but on the key question about whether or not the alleged kickbacks did any harm to Milberg's clients, the judge came down in favor the the government's case stating that the harm from these actions was "forseeable" and actual harm need not be proven. More on Milberg at the WSJ law blog.

For additional notes on recent Milberg-related happenings, see Lyle Roberts' 10b-5 Daily, which as you covered.

-- MDT

Labels: kickbacks, Milberg Weiss, Seymour Lazar, Steven Schulman