Class action legend Melvyn Weiss last week (20 March) agreed to plead guilty to a federal racketeering charge over his participation in a scheme to pay kickbacks to lead plaintiffs in shareholder suits. The plea agreement recommends a sentence of between 18 and 33 months in prison for Weiss, 72. He also has agreed to pay $10m (£4.93m) in fines and forfeited fees.
March 25, 2008 at 11:33 AM
1 minute read
The original version of this story was published on Legalweek
Class action legend Melvyn Weiss last week (20 March) agreed to plead guilty to a federal racketeering charge over his participation in a scheme to pay kickbacks to lead plaintiffs in shareholder suits.
The plea agreement recommends a sentence of between 18 and 33 months in prison for Weiss, 72. He also has agreed to pay $10m (£4.93m) in fines and forfeited fees.
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