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Firm Says Melvyn Weiss to Be Indicted
Milberg Weiss, which has been accused of paying kickbacks to plaintiffs in class action and shareholder suits said Wednesday that partner Melvyn Weiss will be indicted and more charges filed against the firm. In a statement, the firm said it has learned that co-founder Weiss will be charged in connection with the seven-year federal investigation. "Mr. Weiss has decided to discontinue his participation in firm management in order to focus on the defense of the charges against him," the statement said.