Famed plaintiffs lawyer Bill Lerach received a two-year sentence today for his role in an alleged kickback scheme involving class-action lawsuits. Lerach pleaded guilty last fall to a felony count of conspiring to obstruct justice and to submit false testimony in federal judicial proceedings.
The former Milberg Weiss class-action king was also sentenced to two years probation, fined $250,000 and ordered to complete 1,000 hours of community service.
As the AP reports, Milberg Weiss “made an estimated $250 million over two decades by filing legal actions on behalf of professional plaintiffs who received kickbacks.”
More at the WSJ’s Law Blog.
UPDATE (3:30 p.m.): The judge was not happy with the plea agreement, which he considered too lenient. “‘This whole conspiracy corrupted the law firm and it corrupted it in the most evil way,'” Judge John Walter of federal district court said during the hearing.”
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