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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.



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.