Following today’s agreement by the class-action superstar William Lerach to plead guilty to federal conspiracy charges, his former law partner, Melvyn Weiss faces an indictment. From the Wall Street Journal Law Blog:
High profile trial lawyer Melvyn Weiss is expected to be indicted tomorrow in the long running criminal investigation of his firm Milberg Weiss LLP.
The firm just issued the following statement: “Milberg Weiss understands that a second superseding indictment will be issued tomorrow that will include new charges against the Firm and also Melvyn Weiss. Mr. Weiss has decided to discontinue his participation in Firm management in order to focus on the defense of the charges against him. The Firm’s other partners, none of whom is alleged to have been involved in any wrongdoing, will be responsible for its management and litigation activities. Mr. Weiss will remain available to counsel clients and Firm attorneys. The Firm remains proud of Mr. Weiss’s and the Firm’s accomplishments over the years and will continue to fight for its clients and class members and to produce the excellent results for which it is known. We do not anticipate any interruption in our work and we look forward to putting this difficult period behind us.”
Justice delayed is…looking pretty good right now.
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