Lerach Calls It Quits To Focus On Kickback Probe

Law360, New York (August 29, 2007, 12:00 AM EDT) -- Legendary class action attorney Bill Lerach has quit his practice in order to resolve a federal probe into client kickbacks at his old firm, announcing his retirement to put the “matter behind me once and for all.”

Lerach, whose last day as founding partner of Lerach Coughlin Stoia Geller Rudman & Robbins LLP is Friday, said in a statement released by the firm Tuesday the investigation had been “personally time-consuming” and he would step aside to focus on it “single-mindedly.”

“I have appreciated the opportunity to...
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