Law Firms

Lerach to Leave His Calif. Firm


Securities class-action lawyer William S. Lerach has been telling clients that he will be leaving his San Diego law firm.

Lerach has sued high-profile companies such as AOL, Enron and WorldCom on behalf of shareholders. Anonymous sources told the Washington Post about Lerach’s plans to leave.

Lerach formed Lerach Coughlin after leaving a law firm in 2004 where he practiced with Melvin I. Weiss. Since then, Weiss’ firm–now known as Milberg, Weiss & Bershad– has been indicted along with two of its partners, Steven Schulman and David J. Bershad, on charges they paid kickbacks to lead plaintiffs.

Bershad is talking to prosecutors about a possible deal a plea in the case.

Previous:
Law Prof: AG Testimony an Ethics Issue?

Next:
Bomb Image in Business Fax a Bad Idea


We welcome your comments, but please adhere to our comment policy. Flag comment for moderator.

Commenting is not available in this channel entry.