Former Milberg Expert Witness Pleads Guilty To Perjury

John Torkelsen of Princeton, New Jersey, a former expert witness in
numerous class action securities cases for several law firms including the former Milberg Weiss (now Milberg LLP), on Thursday pleaded guilty to a single count of perjury in US District Court in Philadelphia. A plea agreement had been reached in February (earlier). The single perjury count arose from a case filed in US District Court in San Jose,California in which Torkelsen submitted a false declaration that he was an independent agent under a non-contingent arrangement with plaintiff’s counsel, when he was actually being paid on a contingency basis under a secret agreement.

Torkelsen is currently serving a 70 month prison sentence for stealing SBA funds in an unrelated case. He faces up to five years in prison on the perjury count; sentencing has been scheduled for August 5 (Law.com, Reuters).