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

$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 24, 2015, 9:00 pm

Seymour Lazar, once a puppet of Lerach, dies

Seymour Lazar, an entertainment lawyer and tool of notorious San Diego lawyer William Lerach (no longer practicing), has died in Palm Springs, as reported in various media. He was 88. Bill Lerach Lazar had been indicted in 2005 for multiple offenses ...
Posted: April 7, 2016, 8:11 am

Pros and Cons of Being a Trial Lawyer

Pointing out the pros and cons of being a trial lawyer is like pointing out the best and worst ... Trial lawyers sometimes do that -- bend the rules in pursuit of a win -- like William Lerach, a very wealthy attorney who pleaded guilty to a kickback ...
Posted: June 30, 2017, 5:03 am

$30 tax mistake draws fine of $15K

To begin, let’s concede that the tax man’s victim is not your typical object of pity. William Lerach, disbarred master of many class-action lawsuits against corporations, including Enron, served time in federal prison. In some circles, the wealthy ...
Posted: January 23, 2014, 7:33 pm

Founder of firm suing Trump U a felon

William Lerach, best known for winning more than $7 billion in legal settlements of a class action suit he brought against Enron, was found guilty in 2007 of a kickback scheme in which he his firm used intermediaries to pay clients with large stock ...
Posted: December 20, 2007, 4:00 pm
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