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MELVYN WEISS, founding partner of Milberg Weiss, has been indicted on charges that include obstruction of justice and making false statements to the grand jury in the government’s investigation of kickbacks that Milberg Weiss paid to named plaintiffs in its securities class actions. Milberg Weiss, which was indicted a year ago, also faces an additional charge of obstruction of justice, and Steven Schulman, a former Milberg Weiss partner, has agreed to plead guilty on a charge of racketeering. The house of cards began to collapse on Sept. 18, when William Lerach, another former Milberg Weiss partner, pleaded guilty to a federal conspiracy charge. As part of the deal, Lerach has not agreed to cooperate with prosecutors. In a superseding indictment brought last year, prosecutors alleged that Milberg Weiss, as the plaintiffs’ firm is now known, collected more than $200 million in attorney fees by paying secret and illegal kickbacks to named plaintiffs. The original indictment, in 2005, was brought against named plaintiff Seymour Lazar and his personal lawyer, Paul Selzer.

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