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...
billions books books-and-reading cooked dollars employees enron investors lay lost millions thousands top victimized
These books were cooked by Lay and the other top executives, who put hundreds of millions of dollars in their pockets, while the employees of Enron were victimized and hundreds of thousands of other investors lost billions of dollars,
billions books books-and-reading cooked direct dollars employees enron executives investors lay lost millions thousands top victimized
Let's be direct here. These books were cooked by Lay and the other top executives who put hundreds of millions of dollars in their pockets, while the employees of Enron were victimized and hundreds of thousands of other investors lost billions of dollars.
dropped named reached subject time
we dropped Mack as a named defendant for the time being, subject to some understandings we reached with his counsel.
case hope rather soon sooner trial
We do want a trial date. We want to get there as soon as we can. This case is going to settle. And I hope sooner rather than later.
draw goes ocean
I don't think you can draw any conclusions. The ocean comes in, the ocean goes out. It doesn't feel any different to me.
inflate phony
phony partnerships set up to inflate the profits.
cents couple investors passively powerful sit
Why should investors sit passively by and take a couple of cents on a the dollar. This is an extraordinarily powerful tactical weapon.
favorable obviously predict side
We can't predict the future, we don't want to try and predict the future, but this development is obviously very favorable for our side of the case.
along earlier predict settle table
We can't predict the future, but we've said all along that those that settle earlier will do better than those that didn't come to the table at the appropriate time.
books-and-reading cooked janitor
Now who do you think cooked these books? Some janitor or low-level employees?
bad destroy facts however whatever
It's always better to live with whatever the facts are, however bad they are, than destroy the evidence.
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,
bring clients refused
They wanted to bring us clients for one-third of our fee, and we refused to do that.
matter money successful
Unfortunately, not matter how successful we are, we will never get all of the money back,