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Politics : Sioux Nation

DJT 14.47

-10.1%

3:01 PM EST

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To: Cactus Jack who wrote (157443)	1/5/2009 10:20:09 AM
From: stockman_scott	Read Replies (1) of 361725

<<...It is amazing that the remaining lawyers survived the scandal with their "name" intact. Interesting...>> jpg: I agree...It seems like Milberg has kept a lot of their talent and their core business...and they are experts when it comes to financial fraud...they used to scare the heck out of public companies and they recovered billions for pension funds that lost money because of the Enron fraud. Madoff may pay a big fine and spend many years in a country club prison (which shouldn't be as nice as the place where Martha Stewart spent time). We know that Milberg will be relentless when it comes to going after the Madoff family assets (in the U.S. and overseas)...and then Milberg will aggressively go after the "deep pockets" behind the Madoff ponzi scheme (eg. the large feeder Fund of Funds and firms that own them like Mass Mutual Life Insurance)...These law suits will go on for years and will have truckloads of discovery...This could be very profitable for Milberg. btw, I wonder what may happen to Lerach and Weiss when they get done serving time -- I know they paid fines, have tarnished reputations, and most likely won't ever re-join their former firms...Yet, I don't expect the legendary Lerach and Weiss to be camping out on the beach...they don't need more money but they are tenacious and seem like the type of lawyers that will try to make a comeback.

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