Lerach Accused Of Distorting Settlement Figures

Law360, New York (October 28, 2005, 12:00 AM EDT) -- Just one day after winning $651 million in a class action suit, William Lerach of Lerach Coughlin Stoia Geller Rudman & Robbins LLP has been accused of distorting the settlement to “make himself look better,” according to a press release from the New York State Common Retirement Fund.

“There were several major inaccuracies in Lerach’s presentation in his conference call,” the statement says. “In sum, he manipulated the amount of the Class’ damages and the anticipated claims rate for the Class, and he presented figures for...
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