William Lerach
William Lerach
William "Bill" Shannon Lerachis a disbarred lawyer who specialized in private securities class action lawsuits. The $7.12 billion he obtained as the lead plaintiff's attorney in the case against Enron is currently the largest sum ever recovered in a group of securities class-action lawsuits in U.S. history. In 2007 he pleaded guilty to obstruction of justice and was sentenced to two years imprisonment. In 2009 he was disbarred from practicing law in California. As part of the settlement, Lerach would...
bring clients refused
They wanted to bring us clients for one-third of our fee, and we refused to do that.
banks goes message pay sends serious settled settling soon time
It sends a very serious message to those banks that have not yet settled that they better get about settling soon or they are going to pay more and more as time goes by,
maximize recovery whatever
They feel they want to maximize whatever recovery they can.
cross pray
They are going to cross their fingers, sign, and pray for the best,
anticipate certainly large several
I certainly anticipate that we would see several other large settlements.
banks disclosure investors public require street wall
I don't think ever before have Wall Street banks and investors jointly petitioned the SEC to require more disclosure in public offerings.