Judge: Bill Lerach Sentence "Way Too Lenient"
Bill Lerach, the plaintiffs’ class action lawyer who served two years in prison after pleading guilty for his role in an alleged decades-long conspiracy pursuant to which serial plaintiffs were paid kickbacks to file securities fraud suits, has been denied a request to fulfill some of his mandated 1,000 hours of community service by teaching a class at the University of California/Irvine Law School. In denying the request, an incensed U.S. District Judge John Walter cited Lerach’s apparent lack of remorse for his crimes, and in retrospect would have sentenced the now-disbarred convicted attorney to a longer prison term as reported by Amanda Bronstad for The National Law Journal:
Walter then cited several recent newspaper articles in which Lerach appeared to indicate that he wouldn’t have done anything differently, despite having served a prison sentence, and that the case was simply a “political prosecution.” Lerach “still denies that he did anything wrong,” Walter said. “He misled and fooled the court into believing he had remorse at the time of his sentencing.” Walter said that he now believes the sentence was “way too lenient” and regretted having accepted Lerach’s plea deal.
Others involved in the alleged scheme included some of Lerach’s colleagues, including Mel Weiss, from then-firm Milberg Weiss Bershad & Schulman.
Related Coverage:
“Lerach, feds spar over Wall St. woes class” by Josh Gerstein for Politico
“Judge Slams Lerach, Rules No Community Service for Teaching Time” by Brian Baxter for The American Lawyer
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