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William Lerach
William Lerach Net Worth is $900 Million. William Shannon Lerach was an American lawyer, with a net worth of $900 million. William Lerach has earned his net worth from specializing in class action lawsuits, in the case against Enron he obtained larg. William Shannon Lerach (Bill...

William Lerach Net Worth is $900 Million.

William Lerach Net Worth is $900 Million. William Shannon Lerach was an American lawyer, with a net worth of $900 million. William Lerach has earned his net worth from specializing in class action lawsuits, in the case against Enron he obtained larg William Shannon Lerach was an American lawyer who specialized in class action lawsuits before pleading guilty to obstruction of justice charges in 2007. He was appointed by President Clinton to the U.S. Holocaust Memorial Council in 1998. The $7.12 billion he obtained in the case against Enron is currently the largest sum ever recovered in a group of securities class-action lawsuits in U.S. history. About 75% of the class action suits filed and led by Lerach involved insider trading, stock fraud and stock manipulation. Over the course of his legal career, Lerach recovered approximately $45 billion on behalf of defrauded shareholders. Lerach pled guilty to one count of obstruction of justice and began a two year prison sentence in 2007. He was disbarred in 2009. Lerach was a major Democratic donor for many years. His case and sentencing were presided over by US District Court Judge John F. Walter, nominated ...
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William Lerach Latest News

$3M asbestos scam at heart of Silver scandal shows trial lawyer abuses continue

The charges against Silver also suggest that William Lerach — perhaps the most infamous of all trial lawyers — was right when he said seven years ago that buying plaintiffs was standard "industry practice" among he and his former colleagues.
Posted: February 25, 2015, 9:28 am

Top class-action lawyer to be indicted

(Fortune Magazine) -- A day after a surprising plea deal from class-action powerhouse William Lerach, federal prosecutors are preparing to file charges Thursday against the last big target in their criminal case, Melvyn Weiss, Fortune has learned.
Posted: September 20, 2007, 7:44 am

KKR, Blackstone face demand to reveal secrets in black box suit

The move seems to be a warning that lawyers supported by former class-action kingpin William Lerach intend to use hardball tactics in a legal fight with KKR & Co., Blackstone Group and their founders. They were accused last month in a suit on behalf of ...
Posted: January 18, 2018, 1:43 pm

Lerach to Leave Law Firm As He Tries to End Probe

California plaintiff's lawyer William S. Lerach yesterday told his partners that he would resign this week to resolve a long-running criminal investigation into his tactics and business practices. With Lerach's departure, his name will be stripped from ...
Posted: August 28, 2007, 5:00 pm

Lerach Is Sentenced to 2 Years in Prison

William Lerach, a former partner at a prestigious New York law firm, was sentenced Monday to two years in federal prison for his role in a lucrative kickback scheme involving class-action lawsuits against some of the nation’s biggest corporations.
Posted: February 11, 2008, 7:11 am
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