Milberg Weiss Indictment

After years of investigations the law firm of Milberg Weiss was formally indicted last Thursday on charges of conspiracy and fraud among others. Two of the firm's partners were also indicted.

The complete indictment can be read here.

The law firm was once one of the leading plaintiffs' firms dealing in class-action securities lawsuits.

More details can be found here.

One big question is whether the firm will now suffer the same fate as Arthur Andersen.