Getting this shyster is akin to Eliot Spitzer's downfall. Abusing the public trust as Weiss did should be punished severely. Wall Street and companies who were targets of his scheme should be pleased this guy is finished.
"Melvyn Weiss, the onetime powerhouse shareholders lawyer, has struck a deal to agree to plead guilty in a case alleging improper kickbacks, according to a person familiar with the investigation.
His lawyer declined to comment. The terms of the deal, which could be announced as early as today, weren't known.
Mr. Weiss, 72, was indicted in September on charges in connection with his role in an alleged scheme at his law firm, now known as Milberg Weiss LLP, to pay millions of dollars in kickbacks to clients in exchange for their being at the ready to serve as name plaintiffs in lucrative shareholder class-action cases. He was charged with four counts and could have faced 40 years in federal prison if convicted on all of them in a trial."
![[Melvyn Weiss]](http://s.wsj.net/public/resources/images/HC-GG850_Weiss_20051019154248.gif)
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