• Melvyn I. Weiss, Notable Class Action Attorney Fought Giants; Recovered Billions for Holocaust Victims

    July 27, 2017

    Listen to Podcast of the Show

    Listen to a Bonus Podcast of the Show

    This week Richard and Joe welcomed Melvyn I. Weiss, a former plaintiffs’ class action attorney who built a new era of legal practice representing shareholders’ interests. In 1965, with Lawrence Milberg he co-founded the Milberg Weiss firm, which ultimately maintained offices throughout the country and practiced complex securities, antitrust and consumer fraud actions. He predominantly represented plaintiffs in class actions against major corporations under the amended Rule 23 of the Federal Rules of Civil Procedure which allowed securities fraud and other cases to proceed as class actions. In 1976 Mr. Weiss developed a West Coast office in San Diego headed by William S. Lerach, whom he mentored and became a key partner in the expansion of the firm.

    As lead counsel Mr. Weiss handled some of the largest and most complex cases in the country, such as the Washington Public Power Supply System, a municipal bond default case which was then the largest ever in the country; the Michael Milken-Drexel Burnham case, dealing with the collapse of numerous companies, including savings and loans, as a result of the sale of junk bonds. Weiss’ efforts along with the US government, led to a joint recovery of over $2 billion. In addition, he was lead counsel in numerous major life insurance marketing fraud cases, such as the Prudential Life Insurance marketing fraud case in which he recovered $4.5 billion for its policyholders.

    Among his greatest achievements was Mr. Weiss’ role as co-lead counsel in class actions suits on behalf of Holocaust victims recovering $1.25 billion against Swiss banks and $5 billion against German companies. Mr. Weiss insisted in proceeding on a pro bono basis, that is, he donated his services in bringing this complex global litigation and working on the international settlements.

    Over the course of his career, Mr. Weiss and his firm recovered approximately $50 billion in hundreds of class actions for defrauded class members who were victims of major stock fraud and manipulation, insider trading and other financial schemes. Mr. Weiss and his colleagues built their operation into a national juggernaut. In becoming a major legal, economic and political force, it would not be an understatement to say that Mr. Weiss and his peers were not popular among the largest corporate and financial institutions on Wall Street and abroad. His firm’s success in massive recoveries led to legislation and US Supreme Court decisions designed to curtail the plaintiff’s bar in these matters. [cf. the Private Securities Litigation Reform Act of 1995 and Stoneridge Investment Partners v. Scientific-Atlanta, 552 U.S. 148 (2008).]

    Mr. Weiss has lectured extensively to lawyers, law students, and other professionals throughout the country and abroad. He has been frequently quoted as a leading authority on shareholder and consumer rights in the national media and he has testified before congressional committees on securities litigation and accountants’ liability. Mr. Weiss was a Fellow of The American College of Trial Lawyers. He received the 1993 Arthur T. Vanderbilt Medal from New York University Law School, the highest award given annually to an outstanding alumnus, and was a member of the law school’s Board of Trustees and a recipient of the Alumni Achievement Award. In 2005, Accounting Today named Mr. Weiss as one of its Top 100 Most Influential People. He has received the Anti-Defamation League’s Gotham Award and Humanitarian Award; the United Jewish Appeal’s Proskauer Award, given annually to an exemplary Jewish lawyer and humanitarian; and the B’nai B’rith of Argentina Dignity & Justice Award for humanitarian activities. Mr. Weiss was the International Chair of the Hatikva Project, which built a memorial on the site of the Israeli Embassy in Buenos Aires, which was destroyed by terrorists.

    Mr. Weiss was born in the Bronx and grew up in Queens as the son of an accountant. Working for his father throughout high school and college, he received a B.B.A. degree in Accounting from Baruch College of the City College of New York. After graduating from New York University School of Law in 1959 and serving two separate tours of duty in the United States Army, he co-founded the Milberg Weiss firm. He was admitted to the Bar of the State of New York in 1960 and was a member of the Bar of the United States District Courts for the Southern and Eastern Districts of New York, the United States Courts of Appeals for the Second, Third, Fourth, Fifth, Sixth, Eighth, Ninth, and Tenth Circuits, and the United States Supreme Court.

    Listen to a podcast of the show


    Listen to a Bonus podcast of the show


  • Julie Potiker, Founder of the Balanced Mind Meditation Center

    January 19, 2017
    Listen to Podcast of the Show This week Richard and Joe interviewed Julie Potiker, founder of the Balanced Mind Meditation Center. Life is busy. Crazy busy. No one understands this better than Julie Potiker whose life had become so stressful she started having serious medical issues and was sure she had a brain tumor. After a battery ... Read more
  • Dave Rudie and Tommy Gomes of Catalina Offshore Products; Aviva Paley from Kitchens for Good

    January 12, 2017
    Listen to Podcast of the Show This week’s guests are Dave Rudie and Tommy Gomes of Catalina Offshore Products and Aviva Paley from Kitchens for Good. Catalina Offshore Products rang in 2017 by toasting to 40 years in the seafood business. The wholesale distributor and retailer will mark the impressive milestone with festivities throughout the year and ... Read more
  • Dr. Marc Milstein, Scientist, Health and Wellness Keynote Speaker

    January 5, 2017
    Listen to Podcast of the Show Richard and Joe welcomed Dr. Marc Milstein. Dr. Milstein is a Scientist, Researcher, and Professional Speaker who makes cutting-edge Health and Wellness research approachable, and empowers his audience to apply these vital findings to their work and daily lives. He specializes in taking the leading research on human health, productivity, ... Read more
  • Marisa Moris, Spiritual Intuitive, Reiki Master Teacher, Healer and Counselor

    December 29, 2016
    Listen to Podcast of the Show clairvoyant This week Richard and Joe welcomed Marisa Moris who has been called the clairvoyant medium next door. Marisa openly discusses her roller-coaster life from standout HS student and athlete to the bad decisions she made involving drugs, running with the wrong crowd, health issues and car wrecks, her out of ... Read more
  • Fritzi Gros-Daillon, Founder and CEO of Household Guardians and Expert on Aging

    December 21, 2016
    This week Richard and Joe welcomed Fritzi Gros-Daillon, a highly successful entrepreneur in senior move management, environmental consulting and most recently, the aging-in-place field. Her work entails providing help and insights for the real-life challenges facing Adult Children and their Parents. Her passion for keeping family members safe in their own home environment for as ... Read more
  • Alex Sonkin, Managing Partner of The Lombardi Group

    December 14, 2016
    Listen to Podcast of the Show Alex Sonkin serves as the Managing Partner for show sponsor, The Lombardi Group. Mr. Sonkin works directly with LG Managing Directors as well as LG clients in analyzing fact patterns and ensuring that the appropriate specialists are involved in designing the perfect solution(s) for each specific set of challenges. He ... Read more
  • Paul Hynes CFP, Wealth Manager and Financial Advocate for Seniors

    December 8, 2016
    Listen to Podcast of the Show Richard and Joe welcomed Paul Hynes, President, and CEO of HearthStone Private Wealth Management for a return visit. A Certified Financial Planner, Paul founded Hearthstone in 2006 leaving a successful 22-year career at a large Wall Street investment firm. HearthStone Private Wealth Management provides independent thinking, research, advice and disciplined ... Read more
  • Entrepreneur Neil Senturia and Charles Hoke Discuss Defy Ventures

    December 1, 2016
    Listen to Podcast of the Show Changing the lives of inmates, Defy Ventures recognizes that many former drug dealers and gang leaders can become successful, legal entrepreneurs. Defy “transforms the hustle” of currently and formerly incarcerated men, women, and youth by providing entrepreneurship training, intense character and personal development, job placement, executive mentorship, startup incubation, and ... Read more
  • Stephanie Staidle, Right Brain Consultant and Mindset Coach

    November 25, 2016
    Listen to Podcast of the Show Stephanie Staidle, the founder of The Right Brain Entrepreneur (TRBE), works with companies and entrepreneurs which are very successful; are stuck at their current levels of performance. Stephanie provides on-site workshops and tele-coaching for business professionals worldwide, educating them on the science behind achieving results in business by using ‘right ... Read more
  • Safe Harbor An Expert Panel on Sustainable Seafood Sponsored by The Berry Good Food Foundation

    November 17, 2016
    Listen to Podcast of the Show Joe and guest host Michelle Ciccarelli Lerach of the Berry Good Food Foundation interviewed panelists from the fourth and final multidisciplinary panel discussion of 2016, Safe Harbor. The event was held on November 16th and sponsored by the Berry Good Food Foundation. It featured Nationally prominent chefs, fishermen, academics, and ... Read more