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Lerach's sentence
Former plaintiff's class action securities lawyer Bill Lerach was sentenced yesterday to two years in prison, fined $250,000 and ordered to complete 1,000 hours of community service (Peter Lattman's W$J interview of Lerach is here and more W$J coverage of...
The Lerach deal
Former class action securities plaintiffs' lawyer William Lerach finally cut a non-cooperation plea deal (Nathan Koppel's WSJ Law Blog post is here) to resolve the longstanding criminal investigation into alleged undisclosed payments that Lerach and his firm made to class...
Loren Steffy's Enron myopia
Houston Chronicle business columnist Loren Steffy is a particularly vitriolic critic of former Enron executives Jeff Skilling and the late Ken Lay. Steffy convinced himself early on that Skilling and Lay had lied to investors about Enron, so he made...
The Bershad plea deal
As expected, former Milberg Weiss partner David Bershad copped a plea deal this week in which he pled guilty to a single count of conspiracy out of the 20 count indictment that he, the law firm and former Milberg partner,...
Milberg Weiss on the brink
The longstanding criminal investigation and finally the indictment of the class action plaintiffs' firm Milberg Weiss Bershad & Schulman has been a common topic on this blog, so it has been with interest that I have been following the WSJ's...
The pressured ex-wife in the Milberg Weiss affair
This Justin Scheck/The Recorder article reports on the latest development in the criminal investigation into Milberg Weiss Bershad & Schulman -- the apparent willingness of the former wife of one of Milberg Weiss' favorite expert witnesses to testify that the...
Lerach goes for a piece of the Kinder Morgan action
Plaintiff's lawyer William Lerach is already looking to make a handsome $1 billion fee as lead counsel in the main Enron class action securities fraud lawsuit. Now, he's looking for a little more from an Enron spinoff. Yesterday, Lerach's firm...
Milberg Weiss continues to reel
In a development that drips with irony, this NY Times article (see also here) reports that David Bershad and Steven Schulman -- two of the top partners in the class action plaintiffs firm, Milberg Weiss Bershad & Schulman LLP --...
Good news and bad news for Milberg Weiss
This NY Times article reports that Mel Weiss and Bill Lerach received good news and bad news earlier in the week regarding the longstanding criminal investigation against the two men and the Milberg Weiss Bershad & Schulman law firm over...
The Money Lawyers
Bruce Carton over at the Securities Litigation Watch blog is excerpting portions of Joseph C. Goulden's new book called The Money Lawyers (Truman Talley 1995), and the first excerpt is a portion of the chapter in the book about controversial...
The pawn in the Milberg, Weiss game
This fascinating Rhonda Rundle W$J article profiles Southern California attorney Seymour Lazar, who was indicted last year for supposedly taking illegal kickbacks from Milberg Weiss Bershad & Schulman, the former law firm of securities fraud plaintiffs lawyers, William Lerach and...
Another problem for Milberg Weiss
On my way out the door to attend the Houston Bowl today, I noticed this LA Times article on the latest development in the now five-year criminal investigation of certain of the attorneys involved in the former Milberg Weiss Bershan...
Heat turned up a notch on Milberg Weiss
This Wall Street Journal ($) article reports that federal investigators have turned up the pressure in its investigation of several prominent plaintiffs class action securities lawyers at the former Milberg, Weiss law firm, including granting immunity to a former Milberg...
CIBC puts Enron class action settlement amount over the WorldCom record
Canadian Imperial Bank of Commerce announced today that it has agreed to pay $2.4 billion to settle the class action securities litigation against the bank arising out of the demise of Enron Corp. in late 2001. The CIBC settlement is...
The least surprising lawsuit of the year
After this, you just knew this was coming. The Lerach Coughlin Stoia Geller Rudman & Robbins LLP lawsuit against Morgan Stanley's board of directors, former executives and lawyers alleges that directors breached their fiduciary duty and abused their control of...
More on the criminal investigation of Milberg Weiss
This New York Sunday Times article provides the most detailed report to date on the three-year investigation into whether prominent class action securities plaintiffs lawyers -- William Lerach and Melvin I. Weiss -- and their former New York law firm...
No fan of Lerach
In this NY Times op-ed, Joseph Nocera tees off on the lead Enron class action securities fraud plaintiffs' lawyer, William Lerach, who has his share of troubles these days (noted here and here). After noting Larry Ribstein's compliment of Mr....
DOJ turns up the pressure on Milberg Weiss
Following on this post from over the weekend regarding the developments in the ongoing criminal investigation of lawyers in two firms who used to practice together in the well-known plaintiffs class action law firm formerly known as Milberg Weiss Bershad...
Is Lerach a target?
The dozens of securities fraud lawsuits against Enron and various other parties are consolidated under the federal multi-district litigation rules in Houston federal court. The legal community involved in those cases is abuzz today with the news that a federal...
Enron outside directors settlement
On the heels of this post earlier this week about the impending outside directors' settlement in the WorldCom case, this NY Times article reports on the impending $168 million settlement involving the class action securities fraud and related claims against...
Plaintiffs counsel in Enron civil litigation involved in merger
Lerach Coughlin Stoia & Robbins LLP -- lead plaintiffs' counsel in the multi-district civil litigation against Enron Corp. -- announced today that it is merging effective August 1 with Boca Raton-based Geller Rudman PLLC. Both firms specialize in class action...
Milberg Weiss split consummated
This NY Times article reports on the long brewing split into two firms of the large class action plaintiffs' firm, Milberg Weiss Bershad Hynes & Lerach. One of the firms will be led by William Lerach, based in San Diego,...
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