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...
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.
bring clients refused
They wanted to bring us clients for one-third of our fee, and we refused to do that.
fact level others reflects settle waited
The settlement reflects the level of involvement from CIBC, and reflects the fact they waited for others to settle before them, and that reflects the settlement amount,
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,
bad destroy facts however whatever
It's always better to live with whatever the facts are, however bad they are, than destroy the evidence.