Securities plaintiffs lawyer William S. Lerach, who has pleaded guilty to one count of federal conspiracy in the government’s Milberg Weiss investigation, is attempting to seal court documents related to his upcoming sentencing due to “personal and sensitive information,” according to court papers filed on Tuesday.
Federal prosecutors have accused Milberg Weiss and seven of its partners, including Lerach, of obtaining $250 million in attorney fees by paying secret and illegal kickbacks to lead plaintiffs in more than 150 class action and shareholder lawsuits. Lerach, who left Milberg Weiss in 2004, has agreed to serve one to two years in prison, plus forfeit $1.75 million and pay a $250,000 fine.
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