Lerach Sentenced To Two Years Behind Bars

Law360, New York (February 11, 2008, 12:00 AM EST) -- William S. Lerach, a class action lawyer best known for recovering billions of dollars for Enron investors, was sentenced Monday to two years in prison for taking part in a kickback scheme at Milberg Weiss, his former firm.

Judge John F. Walter of the U.S. District Court for the Central District of California also sentenced Lerach to two years probation, fined him $250,000 and ordered him to complete 1,000 hours of community service, according to the Associated Press.

He had already consented to forfeiting an additional...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.