var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { googletag.pubads().disableInitialLoad(); });
device = device.default;
//this function refreshes [adhesion] ad slot every 60 second and makes prebid bid on it every 60 seconds // Set timer to refresh slot every 60 seconds function setIntervalMobile() { if (!device.mobile()) return if (adhesion) setInterval(function(){ googletag.pubads().refresh([adhesion]); }, 60000); } if(device.desktop()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [728, 90], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } else if(device.tablet()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [320, 50], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } else if(device.mobile()) { googletag.cmd.push(function() { leaderboard_top = googletag.defineSlot('/22018898626/LC_Article_detail_page', [320, 50], 'div-gpt-ad-1591620860846-0').setTargeting('pos', ['1']).setTargeting('div_id', ['leaderboard_top']).addService(googletag.pubads()); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); } googletag.cmd.push(function() { // Enable lazy loading with... googletag.pubads().enableLazyLoad({ // Fetch slots within 5 viewports. // fetchMarginPercent: 500, fetchMarginPercent: 100, // Render slots within 2 viewports. // renderMarginPercent: 200, renderMarginPercent: 100, // Double the above values on mobile, where viewports are smaller // and users tend to scroll faster. mobileScaling: 2.0 }); });
Download App | FOLLOW US ON SOCIAL MEDIA
 Upload Your Resume   Employers / Post Jobs 

Melvyn Weiss Saves Himself from Returning to Prison

published May 06, 2013

By Author - LawCrossing
Published By
( 5 votes, average: 4 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
05/6/13

Melvyn Weiss
Famed shareholder class-action lawyer Melvyn Weiss, 77, managed to make a deal with federal prosecutors on Friday, just before the U.S. District Court in Los Angeles could start a hearing on whether to send him back to prison on DUI charges and for breaking conditions of his release on probation.


Weiss, who had helped found the law firm Milberg LLP , pleaded guilty to a federal racketeering charge in March 2008 for his involvement in making kickbacks to plaintiffs who agreed to take part in shareholder class-actions.

Allegations against Weiss had included spearheading the scheme for plaintiffs' kickbacks, which, according to estimates of prosecutors, reaped Milberg LLP legal fees of about $239 million based on kickbacks from 1970 to 2005.

Three other Milberg partners besides Weiss pleaded guilty in the case, including William Lerach who founded the law firm later to become known as Robbins Geller Rudman & Dowd.

While Milberg LLP worked itself out of the situation by paying $75 million to settle the investigation, Weiss received a sentence for 30 months in prison along with forfeiture of $9.75 million and a hefty fine. His sentence also included three years of supervised release.

Though the plea bargain reached by Weiss in the initial criminal case included a stipulation that breaking any laws while on probation would mean his return to prison, Weiss was arrested on DUI charges in December in Boynton Beach, Florida.

Weiss pleaded guilty to the DUI charges on April 18 and received 12 months probation with 50 hours of community service. He reached his agreement with the prosecutors based on this sentence to avoid returning to prison for breaking conditions of his probation stemming from his earlier sentence.

On Friday, at the hearing, Weiss told U.S. District Judge John F. Walter that he promised that "drinking and driving will never again happen in my lifetime."

Weiss had dominated shareholder class-action litigation for about three decades and is best known for obtaining a $1.3 billion settlement for investors in the Drexel Burnham Lambert Inc scandal in the 80s.

published May 06, 2013

By Author - LawCrossing
( 5 votes, average: 4 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

Related