The Board on Professional Responsibility recommended last Friday that Steven Schulman, a former name partner at the New York-based firm then called Milberg Weiss Bershad & Schulman, be disbarred after he was sentenced to six months in prison earlier this year for his involvement in a scheme to kick back fees to class action name plaintiffs.
The recommendation will be sent to the D.C. Court of Appeals, which will ultimately make the decision.
Schulman consented to being disbarred in D.C. on Oct. 8, and he is already disbarred in New York.
Schulman took part in a conspiracy that earned Milberg and seven of its partners $251 million in attorney fees through secret and illegal payments to lead plaintiffs in shareholder and class action securities cases.
Several other partners at the firm received prison time for their involvement in the scheme. William Lerach, who left the firm in 2004 to form his own firm, now called Coughlin Stoia Geller Rudman & Robbins, was sentenced to 24 months, and Melvyn Weiss, co-founding partner of Milberg, was sentenced to 30 months. David Bershad was sentenced to six months.