Article: Milberg Weiss Co-Founder Indicted; Others Plead Guilty

LOS ANGELES (HedgeWorld.com) - The government has ratcheted up the pressure yet again on embattled securities class action-oriented law firm Milberg Weiss LLP, and two new plea agreements bear witness to the effects of that pressure. But the embattled firm has vowed to fight on.

Milberg Weiss and its precursor firms have been at the center of much recent litigation affecting the alternative investments industry. But the last two years have been rocky. In June 2005, a California grand jury indicted Seymour Lazar for fraud, conspiracy, money laundering, and obstruction. Mr. Lazar wasn't a member of

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