LAW FIRM SAYS PARTNER TO BE INDICTED

Melvyn Weiss, who helped start the law firm of Milberg Weiss, has said that he will be charged in connection with a seven-year federal investigation. Mr. Weiss has decided to discontinue his participation in firm management. I wonder if this is just the tip of the iceberg in the legal profession. Those of us who have been involved in the legal profession have long been aware of this kind of behavior going on. Most small and medium sized firms never handle class action suits because of the expense involved and because of this kind of behavior. It will be interesting to see how this comes out.