Milberg Weiss ex-partner David Bershad agreed to plead guilty to charges related to a scheme to pay illegal kickbacks to plaintiffs in securities lawsuits, federal prosecutors said.

Bershad, 67, will plead guilty to one count of conspiracy, the U.S. attorney’s office in Los Angeles said yesterday. He’ll forfeit $7.75 million, pay a $250,000 fine and cooperate with the investigation, according to the plea deal.

Bloomberg