Is William Lerach a millionaire?

Short Presentation

William Lerach is a former American lawyer known for his work in securities class action lawsuits. He played a pivotal role in holding corporations accountable for financial misconduct and has been involved in some of the largest settlements in U.S. history.

Early Life

William Lerach was born in 1946 in Ohio. He graduated from the University of Pittsburgh with a degree in history and earned his law degree from the University of Pittsburgh School of Law in 1970.

Personal Life

Lerach lives in San Diego, California, with his family. Despite his professional challenges, he has remained active in philanthropic activities and enjoys a private, low-profile lifestyle.

Professional Life

William Lerach is renowned for his work in class action lawsuits, particularly those involving securities fraud. He was a partner at Milberg Weiss and later, his firm, Lerach Coughlin Stoia Geller Rudman & Robbins LLP. His career saw significant successes, including record settlements against major corporations.

What Are William Lerach's Notable Achievements?

Lerach has secured billions of dollars in settlements for his clients, including a $7.2 billion settlement against Enron. His work has been instrumental in shaping securities litigation in the U.S.

What Scandals Was William Lerach Involved In?

In 2007, Lerach pleaded guilty to conspiracy to obstruct justice and making false statements under oath, related to a kickback scheme involving his law firm. He was sentenced to two years in federal prison and fined $250,000.

What Did William Lerach Create?

William Lerach co-founded the law firm Lerach Coughlin Stoia Geller Rudman & Robbins LLP, which became one of the most successful and influential firms specializing in securities class action lawsuits.