Prominent attorney Melvyn Weiss has agreed to plead guilty to racketeering in a lucrative kickback scheme involving payments to plaintiffs in class-action lawsuits targeting some of the largest U.S. corporations, federal prosecutors said Thursday.
Weiss, 72, also will acknowledge that he and others concealed secret payment arrangements that his firm, Milberg Weiss, had with named plaintiffs in the lawsuits, prosecutors said in a statement.
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