William "Bill" Shannon Lerach (born March 14, 1946,[1] Ohio River Valley,[2] Midwestern United States) is an American disbarred lawyer who specialized in private Securities Class Action lawsuits. The $7.12 billion he obtained as the lead plaintiff's attorney in the case against Enron is currently the largest sum ever recovered in a group of securities class-action lawsuits in U.S. history.[3] In 2007 he pleaded guilty to obstruction of justice and was sentenced to two years imprisonment. In 2009 he was disbarred from practicing law in California. As part of the settlement, Lerach would not cooperate as a witness and his law firm would be protected from any further prosecution. Over the course of his career, it has been estimated that Lerach recovered upward of $45 billion on behalf of defrauded investors.[4] Lerach has stated that about 85% of his cases were brought due to insider trading, which he described as “footprints in the snow.”
^Dillon, Patrick; Cannon, Carl (2010). Circle of Greed: The Spectacular Rise and Fall of the Lawyer Who Brought Corporate America to Its Knees. Crown. p. 46. ISBN 978-0-307-58917-0. Retrieved April 4, 2020.
^Cite error: The named reference HoldingCarlsen was invoked but never defined (see the help page).
^Cite error: The named reference CFO.com was invoked but never defined (see the help page).
^"Circle of greed". February 28, 2010. Retrieved June 13, 2023.
William "Bill" Shannon Lerach (born March 14, 1946, Ohio River Valley, Midwestern United States) is an American disbarred lawyer who specialized in private...
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