Menachem E. Lifshitz, a name partner in the plaintiffs class action firm Bernstein, Liebhard & Lifshitz, has been implicated for filing false tax returns, and in order to avoid prosecution by the Manhattan District Attorney's Office has agreed to pay the state $4.75 million and resign from the bar. Lifshitz was a major contributor to the Democratic Party:
Lifshitz, of Lawrence, LI, and his wife have donated bundles to Hillary Rodham Clinton, Rudy Giuliani, Chuck Schumer and others. They have also given tens of thousands to the Democratic Senate Campaign Committee and the Democratic National Committee.
His lawyer, Benjamin Brafman, "stressed that the firm was not involved in the cheating."
Since 2003, a charitable trust funded and administered by Lifshitz's family has donated money to various causes, most of them orthodox Jewish organizations. Another recipient of the charity's money, however, has been a limited partnership that was a plaintiff in more than a dozen class-action lawsuits filed by Lifshitz's firm over the past four years, a review of documents shows.
Earlier this year several name partners from plaintiffs class action firm Milberg Weiss Bershad & Schulman LLP were convicted on felony charges in connection with their roles in a decades-long racketeering conspiracy in which serial plaintiffs were illegally paid to file shareholder class action suits. The firm itself -- now known simply as Milberg LLP -- also was indicted but avoided prosecution by paying a $75 million fine and hiring a compliance monitor.