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Medicare broken, Social Security broken, SEC broken
Mr. Bauder, Great article. I was wondering if you discussed Milberg Weiss and Bill Lerach with Gary Aguirre. (Lerach left Milberg Weiss in 2004 to form antoher firm based in San Diego). One question that keeps coming up when I read about the indictments of Milberg partners and former partners, is how did these lawyers know in which companies to have their "client" purchase substantial shares in just prior to the announcement of an SEC investigation? Was someone in the SEC tipping them off, or were kickbacks in addition to those of their "client" also being paid to an SEC official for pursuing investigations into firms targeted by Milberg and Lerach? Would love to hear Gary Aguire's thoughts on the subject.— April 11, 2008 5:17 p.m.