Shareholders' Attorney William Lerach Resigns
Plaintiffs' attorney William Lerach, who made a name for himself representing shareholders in securities class action suits, announced he will retire Aug. 31 from the firm he founded in 2004, Lerach Coughlin Stoia Geller Rudman & Robbins.
August 29, 2007 at 09:12 AM
9 minute read
The original version of this story was published on Law.com
Plaintiffs' attorney William Lerach, who made a name for himself representing shareholders in securities class action suits, announced he will retire Aug. 31 from the firm he founded in 2004, Lerach Coughlin Stoia Geller Rudman & Robbins.
Lerach is perhaps best known for representing defrauded investors in class actions against companies like Enron, Qwest, Dynegy, AOL/Time Warner and WorldCom.
For seven years Lerach has been under federal investigation for his role in plaintiffs' firm Milberg Weiss' kickback arrangements. Before founding Lerach Coughlin, Lerach was the head of Milberg Weiss's West Coast operations.
Prosecutors have said the firm paid out more than $11 million to people to recruit them as plaintiffs for class action and shareholder lawsuits. In July, former Milberg Weiss Managing Partner David J. Bershad pleaded guilty to conspiracy to obstruct justice and conspiracy to make false statements under oath in connection with the kickback scheme.
“I have appreciated the opportunity to fight for the victims of corporate fraud; however, I realize that my success has made me a target,” Lerach said in a statement. “These allegations have proven to be personally time-consuming, and I have decided to focus single-mindedly on putting the matter behind me once and for all.”
Upon Lerach's departure, his former firm will be known as Coughlin Stoia Geller Rudman & Robbins.
Plaintiffs' attorney William Lerach, who made a name for himself representing shareholders in securities class action suits, announced he will retire Aug. 31 from the firm he founded in 2004,
Lerach is perhaps best known for representing defrauded investors in class actions against companies like Enron, Qwest,
For seven years Lerach has been under federal investigation for his role in plaintiffs' firm
Prosecutors have said the firm paid out more than $11 million to people to recruit them as plaintiffs for class action and shareholder lawsuits. In July, former
“I have appreciated the opportunity to fight for the victims of corporate fraud; however, I realize that my success has made me a target,” Lerach said in a statement. “These allegations have proven to be personally time-consuming, and I have decided to focus single-mindedly on putting the matter behind me once and for all.”
Upon Lerach's departure, his former firm will be known as
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
'The Show Must Go On': Solo-GC-of-Year Kevin Colby Pulls Off Perpetual Juggling Act
Contract Software Unicorn Ironclad Hires Former Pinterest Lawyer as GC
2 minute read
How Amy Harris Leverages Diversity to Give UMB Financial a Competitive Edge
5 minute read
Auditor Finds 'Significant Deficiency' in FTC Accounting to Tune of $7M
4 minute readTrending Stories
- 1Gibson Dunn Sued By Crypto Client After Lateral Hire Causes Conflict of Interest
- 2Trump's Solicitor General Expected to 'Flip' Prelogar's Positions at Supreme Court
- 3Pharmacy Lawyers See Promise in NY Regulator's Curbs on PBM Industry
- 4Outgoing USPTO Director Kathi Vidal: ‘We All Want the Country to Be in a Better Place’
- 5Supreme Court Will Review Constitutionality Of FCC's Universal Service Fund
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
