Rule 23 bummer No. 2: Melvyn Weiss

It’s been a “say-it-ain’t-so-Joe” week. First, securities class action king William Lerach pleads guilty to paying off a named plaintiff. Now his former partner Melvyn Weiss, according to the New York Times, has been charged personally by the U.S. Attorney’s office in Los Angeles with conspiracy, racketeering, obstruction of justice and lying to a grand jury in connection with the same pattern: undisclosed millions paid to named or lead plaintiffs in class action suits. See “Weiss Indicted In Class-Action Kickback CaseOverlawyered and links