Melvyn Weiss

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Melvyn I. Weiss
Born June 5, 1935 (1935-06-05) (age 73)
Bronx, New York
Occupation Attorney

Melvyn I. Weiss (born June 5, 1935) is an American attorney who co-founded the well-known plaintiff class action law firm Milberg Weiss.

At one point Weiss dominated the market in securities class-action suits, in which investors who suffer losses typically claim that executives had misled them about a company's financial condition[1].

On March 20, 2008, Melvyn Weiss announced through his attorney that he would plead guilty to making illegal client kickbacks in exchange for an 18 to 33 month prison sentence and fines and restitution of $10 million[2].

Monday June 2, Melvyn Weiss sentenced to 30 months in prison and other penalties. [3]

[edit] See also

[edit] References

  1. ^ Koppel, Nathan. "Class-Action King Weiss to Plead Guilty to Conspiracy", The Wall Street Journal, 2008-03-21. Retrieved on 2008-04-04. 
  2. ^ Martha Graybow. "US shareholder lawyer Melvyn Weiss to plead guilty", Reuters, March 21, 2008. 
  3. ^ Edvard Pettersson (June 2, 2008). Weiss Sentenced to 2 1/2 Years for Kickback Scheme (Update1). Bloomberg L.P.. “Weiss, 72, must also forfeit $9.75 million and pay a fine of $250,000. He pleaded guilty April 2 to racketeering conspiracy, admitting he helped secretly pay a stable of plaintiffs to file suits from 1979 through 2005. By using them to sue first, the firm was more likely to lead cases and reap larger fees.”
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