Weiss pleads not guilty but co-defendant to deal
Milberg Weiss co-founder Melvyn Weiss yesterday (15 October) pleaded not guilty in a federal court in Los Angeles to charges that he orchestrated a conspiracy to pay kickbacks to individual plaintiffs in securities class actions. But while Weiss has pledged to clear his name, one of his few remaining co-defendants prepared to plead guilty. Lawyers for Seymour Lazar, one of the individual plaintiffs who allegedly received kickbacks from Milberg Weiss, said yesterday at a status conference that their client, who entered a not guilty plea on Monday morning, had reached an agreement with prosecutors.
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