Platinum Donors…with Whose Money?

By November 26, 2007Briefly Legal

Leafing through old Association of Trial Lawyers of America convention books over the weekend — ah, the memories — we saw that the San Diego firm of Lerach Coughlin Stoia Geller Rudman & Robbins was listed as a Platinum Club sponsor at the 2006 convention. The lawyers’ group, its name now bowdlerized as the American Association for Justice, doesn’t list how much money qualifies for Platinum Club status. Probably a lot. In any case, we wonder: Tainted money from the soon-to-be-imprisoned Bill Lerach?

Meanwhile, Lerach’s successors at Coughlin Stoia shoulder on, or so Reuters reports:

“The firm, which specializes in stock fraud cases against corporations, has filed a flurry of lawsuits against big-name companies such as Merrill Lynch, Citigroup and Washington Mutual related to losses in the market for risky mortgage loans…The growing caseload gives the San Diego-based firm a chance to prove that it can survive – and thrive – following the August departure of Lerach…”

A law firm filing a flurry of lawsuits for apparent PR purposes? Why, that’s outrageous. Congress should hold oversight hearings immediately. Chairman Waxman?

Leave a Reply