Lerach Pleads Guilty To Conspiracy In Kickbacks Case

Law360 (September 18, 2007, 12:00 AM EDT) -- As was widely expected, powerhouse plaintiff lawyer William Lerach has pleaded guilty to a single count of conspiring to obstruct justice, admitting to concealing information about the alleged kickback scheme perpetrated by Milberg Weiss Bershad & Schulman, his former firm.

The U.S. Department of Justice filed the criminal indictment and plea agreement on Tuesday morning in the U.S. District Court for the Central District of California. As part of the plea, Lerach agreed to pay a $250,000 fine, forfeit $7.75 million to the government and serve between one and two years in federal prison.

In pleading guilty, Lerach, a former name...

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