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Lerach to bite the dust

The Recorder in California reports that famed plaintiffs' attorney Bill Lerach will plead guilty and be sentenced to 1-2 years (a high-low agreement has been reached between prosecutors and defense attorneys) for arranging illegal kickbacks in his class action stock-move-related lawsuits. Lerach will also pay $8 million in fines. Hopefully other tort lawyers will help him relinquish the rest of his ill-gotten gains.



Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute

Katherine Lazarski
Press Officer,
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.