MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 20, 2008 Weiss to Plead Guilty Melvyn Weiss of Milberg Weiss, has reached a plea deal with federal prosecutors, The New York Times reports. Weiss will plead guilty to participating in a conspiracy to pay kickbacks to plaintiffs in shareholder suits lodged by Milberg Weiss. According to the report, Weiss faces a sentence of up to 33 months in prison. In addition, he has also agreed to pay $10 million in fines and penalties. Weiss was indicted last fall on charges including conspiracy and obstruction of justice. Printed from: MFWire.com/story.asp?s=17747 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |