Source Pravda.Ru

Melvyn Weiss to plead guilty

U.S. class-action lawyer Melvyn Weiss, famed for suing large corporations on behalf of investors, will plead guilty in a criminal case contending his firm paid secret kickbacks to plaintiffs in lawsuits, his lawyer said on Thursday.

A source familiar with the matter told that Weiss, who had been set to go on trial in August, would plead guilty to a sole count of racketeering.

Under a plea agreement with federal prosecutors in Los Angeles, Weiss could receive a prison sentence ranging from 18 to 33 months, his lawyer, Benjamin Brafman, said in a statement. Weiss has agreed to pay $10 million in fines and forfeiture, Brafman said.

Melvyn I. Weiss is an American attorney who co-founded the well-known plaintiff class action law firm Milberg Weiss.

Founded in 1965 by attorneys Larry Milberg and Melvyn I. Weiss, Milberg Weiss is a U.S. plaintiffs' law firm. Based in New York City, it is widely known for representing investors in securities class actions. Before its split in May 2004, it was the largest plaintiff law firm in the United States, with over 200 attorneys and a leader in its field, responsible, at least in part, for over 50 percent of all securities class action cases settled in 2002.

Comments
USA freezes hundreds of millions of Russian dollar assets
USA freezes bank accounts of Russian oligarchs in Cyprus
USA freezes hundreds of millions of Russian dollar assets
USA freezes hundreds of millions of Russian dollar assets
USA freezes hundreds of millions of Russian dollar assets
US-Russian confrontation: War is peace, freedom is slavery
Russia gives up on helicopter carriers, Armata tanks and Su-57 jets
Putin sets Merkel against Trump. She doesn't mind
USA freezes hundreds of millions of Russian dollar assets
USA freezes hundreds of millions of Russian dollar assets
Russia starts executing S-400 missile systems deal with Turkey in 2019
Russia refuses to build helicopter carriers, but considers aircraft carriers
Putin sets Merkel against Trump. She doesn't mind
One step closer to a resolution in Syria
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Putin sets Merkel against Trump. She doesn't mind
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Putin sets Merkel against Trump. She doesn't mind
Putin sets Merkel against Trump. She doesn't mind