Monday, May 22, 2006

Ohio Attorney General Fires Milberg Weiss

The ripple effects of yesterday’s criminal indictment of Milberg Weiss Bershad & Schulman are starting to be felt. Today the Ohio attorney general, acting on behalf of its client the Ohio Tuition Trust Authority, fired Milberg Weiss. The class-action firm was representing Ohio’s public college savings fund in class-action litigation against Putnam American Government Income Fund for its alleged involvement in improper mutual-fund trading.

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