Bill Lerach to Plead Guilty to Conspiracy Charge

The New York Times reports that famed securities plaintiffs’ lawyer, William Lerach, has agreed to plead guilty in connection with a federal investigation into kickbacks allegedly paid to securities litigation plaintiffs by his former law firm, Milberg Weiss.  Lerach is expected to serve one to two years in prison, forfeit $7.75 million to the government, and pay a $250,00 fine.   Here is the New York Times story:   Lawyer Will Plead Guilty in Kickback Scheme.

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