The Wall Street Journal ran a profile yesterday of Seymour Lazar, one of the defendants in the indictment involving alleged kickbacks from what was then Milberg, Weiss. White Collar Crime Prof Blog has an apt assessment of the story.
My inexpert impression of white collar defense strategy has been that defense counsel generally advise defendants to say nothing before trial that might, in some way, come back to haunt them. Lazar is either not following such advice or not receiving it; perhaps he is even being advised to speak. It would be interesting to know which option is the case, and why.
DM