William Lerach Net Worth is$900 Million
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Profession: Lawyer
Date of Birth: 1946
Country: United States of America
William Shannon Lerach (Bill 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 largest settlement of record for that type of case. He was born in the Ohio River Valley, in the year of 1946.
William Shannon Lerach (Bill Lerach) (born March 14, 1946, Ohio River Valley,Midwestern United States) 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 to the bench by President George W. Bush in 2002.
For over 30 years, Bill Lerach was one of the leading securities lawyers in the United States. He headed up the prosecution of hundreds of securities class and stockholder derivative actions which resulted in billions of dollars of recoveries for defrauded shareholders of Wall Street banks, major accounting firms, corporations and insurance companies. Lerach was the subject of considerable media attention and a frequent commentator on economic and political matters and securities and corporate law.
Lerach was involved in many of the largest and highest profile securities class action and corporate derivative suits in recent years, including Enron, Dynegy, Qwest, WorldCom, Citibank, Drexel Burnham, Tyco, Merrill Lynch, Bank of America, Disney, Goldman Sachs, Credit Suisse First Boston, Global Crossing, AT&T, Hewlett-Packard, Apple Computer, ExxonMobil, R.J. Reynolds, Arthur Andersen, and AOL Time Warner. For more than two decades,

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William Lerach Latest News

Another dirty Democrat fundraiser: William Lerach pleads guilty to conspiracy

Does the name ring a bell? He was a deep-pocketed plaintiff lawyer who cozied up to the Clintons and donated hundreds of thousands of dollars to Democrats. And he got his money’s worth. Left-wing magazine Mother Jones recounted more than a decade ago ...
Posted: September 17, 2007, 4:00 am

Lerach Says Payoffs Were Widespread

A prominent class-action lawyer facing sentencing today for secretly paying plaintiffs to file securities lawsuits, William Lerach, is suggesting that the under-the-table practice was widespread and was not isolated to the firm he helped run for decades ...
Posted: February 10, 2008, 4:00 pm

The Next Page: William Lerach, the dethroned 'King of Pain' for corporate America

Sitting comfortably on his couch, stroking the head of the rescued whippet napping in his lap, Bill Lerach seems far different from the man Fortune Magazine once called the "King of Pain" because of the legal torture he inflicted. The North Side native was ...
Posted: September 21, 2013, 9:02 pm
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