Nathan Koppel of the Wall Street Journal reports today on the guilty plea by leading class action plaintiff lawyer William Lerach to criminal conspiracy charges arising out of illegal kickbacks to plaintiffs in class action shareholder lawsuits. The plea arises from the criminal indictment filed last year against the well known plaintiff class action law firm Milberg Weiss and two of its named partners, Steven Schulman and David Bershad. The guilty plea was announced just days after Lerach resigned from his law firm to reportedly focus on his defense against the as-then uncharged allegations of criminal wrongdoing.
Mr. Koppel’s article, entitled “Investigation of Milberg Lands a Pivotal Figure: Lerach Agrees to plea, Could Go to Prison; gains Forfeited to U.S.,” may be found on page B4 of the September 19, 2007 edition of the wall Street Journal.
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