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William Shannon Lerach is a famous American lawyer who specialized on private securities class action lawsuits in 30 years of his career as an attorney. He currently has a net worth of $900 million. Throughout his legal career, Lerach has recovered around $45 billion for the defrauded shareholders. Around 75% of all his class action lawsuits were filed against directors and corporate officers of the largest corporations in the UK due for stock fraud, insider trading and stock manipulation charges.
He was involved in many controversial cases involving large companies and popular personalities such as Disney, Enron, Goldman Sachs, WorldCom, Credit Suisse First Boston, Apple Computer, RJ Reynolds, Drexel Burnham, Citibank, and AOL Time Warner.
However, in 2007, he served a two-year prison sentence, after pleading guilty of obstruction of justice. In 2009, he was disbarred.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2016 |
Earnings |
Estimated annual earnings as the lawyer who specialized in private securities class action lawsuits |
$8,500,000 |
|
2016 |
Earning Turned Donation |
Money donated for William Lerach's fundraising event |
$400,000 |
|
2010 |
Asset |
Purchase value of William Lerach's La Jolla Farms home |
$24,000,000 |
|
2005 |
Earnings |
Money earned over a 25-year period by paying clients a total of $11.3 million to act as lead plaintiffs in more than 175 class actions from 1979 to 2005 |
$250,000,000 |
|
2005 |
Earnings |
Money earned as the lead plaintiff's attorney in the case against Enron |
$7,120,000,000 |