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September 21, 2007
Rule 23 bummer No. 2: Melvyn Weiss
It's been a "say-it-ain't-so-Joe" week. First, securities class action king William Lerach pleads guilty to paying off a named plaintiff. Now his former partner Melvyn Weiss, according to the New York Times, has been charged personally by the U.S. Attorney's office in Los Angeles with conspiracy, racketeering, obstruction of justice and lying to a grand jury in connection with the same pattern: undisclosed millions paid to named or lead plaintiffs in class action suits. See "Weiss Indicted In Class-Action Kickback Case"; also Overlawyered and links there. 2008 issues? Weiss, like Lerach, has been a player in national
Democratic politics and fundraising. 2008 U.S. presidential election fallout at some point? WAC? is not sure. We do see an over-caffeinated 2008 campaign worker or two going over FEC disclosure reports like they were looking for the good parts in Fanny Hill.
Posted by JD Hull at September 21, 2007 12:22 AM