This story made my day. In yesterday's DealBook Blog in the NY Times , it was reported that Milberg (formerly Milberg Weiss, before its leading partners became felons) is courting victims of Bernard Madoff's infamous Ponzi-scheme based fraud, so that its lawyers can sue Madoff on their behalf. But hold on a minute. Isn't Milberg the firm that pioneered fraudulent ways to collect big money from unsuspecting parties? You remember, don't you? Mr. Wiess and Mr. Lerach? They systematically hired fake plaintiffs to become shareholders of corporations vulnerable to shareholder lawsuits, so that the Milberg lawyers could then engineer such lawsuits completely on their own, collect huge verdicts, and pay kickbacks to their “straw-man” plaintiffs.
So, it is really heartwarming to see that they are now taking the high road, and going after those bad people who lie, cheat and steal to enrich themselves unjustly–like Bernie Madoff–and like Milberg Weiss.