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Bill Lerach To Plead Guilty, Go To Prison

The Washington Post has reported that prominent class action attorney Williams S. Lerach has agreed to pay the government $8 million in fines and penalties and to plead guilty to a charge of obstructing justice. Lerach’s plea stems from charges that he and his former law firm provided kickbacks to plaintiffs in class action cases. Prior reports alleged that the kickbacks were millions of dollars. Under the terms of the plea, which is not yet approved by the judge, Lerach will serve at least one year, and no more than two years, in a federal penitentiary.

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