Posted on 09/19/2007 4:21:15 AM PDT by libstripper
The Washington Post, reports that California lawyer William Lerach is pleading guilty to criminal conspiracy respecting the origins of plaintiffs' suits in which he made a fortune. William S. Lerach, one of the nation's best known and wealthiest plaintiff lawyers, is preparing to plead guilty as early as today to a single criminal conspiracy charge that could send him to prison for up to two years, according to sources familiar with the case.
Lerach, 61, resigned from his California law firm last month after intense speculation about his personal exposure in a lengthy federal criminal investigation. At the time, he said he wanted "to focus single-mindedly on putting the matter behind me once and for all."
During his heyday, Lerach won settlements worth billions of dollars from major companies, including a record $7.3 billion payout from firms that helped Enron disguise its financial problems.
(Excerpt) Read more at americanthinker.com ...
Media too busy reporting on OJ.
Federal prosecutors are investigating whether Milberg Weiss violated criminal laws in its hell-bent pursuit of securities fraud cases in the 1990s.
A federal grand jury in Los Angeles is probing, in particular, the relationship between Milberg Weiss and a convicted felon named Steven Cooperman. Cooperman, an eye surgeon who went to jail in 2001 for an art insurance fraud, was Milberg Weiss' plaintiff in some 55 class actions from 1988 to the late 1990s. In many of these cases Cooperman's lawyer, James Tierney, was paid 10% of Milberg's legal fees for having referred the cases to Milberg. Investigators are looking at whether Tierney then kicked back some money to Cooperman, which would be illegal under state law.
[emphasis mine]
True to form this high-powered lawyer (some would say extortionist) went to work by bringing in Fenton Communications. Lerach called a press conference where he used Fenton Communications to falsely charge Sinclair [broadcasting company] directors with "breaches of fiduciary duties".
Missing from the conference were any references or questions concerning Fentons. Perhaps no one, especially Lerach's media friends, wanted to draw attention to the company's communist sympathies and links.
The company was started by David Fenton, a Marxist-Leninist who has been on the payroll of the Soviet-backed Popular Movement for the Liberation of Angola and the Soviet-Backed Maurice Bishop who tried to turn Grenada into another Cuba..."
Fenton Communications is the PR firm that creates the mirage that Cindy Sheean is important. I saw Fenton one time on c-span, He was hawking his book about sixties photographs of kids nude in fountains.
bump
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