May 19, 2006

U.S. Indictment for Big Law Firm in Class Actions - New York Times

U.S. Indictment for Big Law Firm in Class Actions - New York Times:

Good work by the Justice Department. These scavengers have made $Millions from this class action nonsense. I encourage the Justice Department to keep after the slimy scoundrels who are some of the prime movers of this nefarious scheme that has cost corporations $Billions. They should be put out of business and forced to give back the millions they've made and/or sent into bankruptcy defending their underhanded tactics.

"Prosecutors have so far been stymied in efforts to charge the two primary targets of the investigation, Mr. Weiss and his former partner, William S. Lerach. In 2004, Mr. Lerach started his own firm on the West Coast. Both men were told in February that they would not be indicted at this time, although people involved in the talks say they remain targets of prosecutors."

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