WL

William Lerach

20quotes

William Lerach


=====================

Full Name and Common Aliases


-----------------------------

William S. Lerach is the founder of the law firm Lerach Coughlin Stoia Geller Rudman & Robbins LLP.

Birth and Death Dates


-----------------------

Born: 1946
Still active in public life, no death date listed.

Nationality and Profession(s)


--------------------------------

American Attorney and Lawyer

Early Life and Background


-----------------------------

William Lerach was born in 1946. He graduated from the University of California, Los Angeles (UCLA), earning his Bachelor's degree in 1967. Lerach then went on to earn his Juris Doctor (J.D.) at UCLA School of Law in 1970.

Lerach began practicing law in the early 1970s and quickly gained recognition for his expertise in securities law and class-action litigation. He developed a reputation as a skilled litigator who was not afraid to challenge powerful corporations and their executives.

Major Accomplishments


-------------------------

- Lerach's most notable achievement is probably his role in shaping the practice of class-action lawsuits. His work paved the way for numerous high-profile cases, including those against companies like WorldCom, Tyco International, and Adelphia Communications.
- He was also a key figure in the creation of the Securities and Exchange Commission (SEC)'s whistleblower program.

Notable Works or Actions


-----------------------------

Lerach's law firm has been involved in numerous high-profile cases over the years. Some notable examples include:

The Enron scandal: Lerach's firm was one of the lead firms representing investors who suffered losses due to Enron's accounting irregularities.
 The Tyco International case: Lerach's firm represented shareholders who claimed they were misled by Tyco's management about the company's financial performance.

Impact and Legacy


----------------------

William Lerach has had a significant impact on the practice of securities law. His work has helped to hold corporations accountable for their actions and has protected investors from fraudulent practices.

Lerach is widely respected within the legal community for his expertise and his commitment to fighting for justice. He continues to be an influential voice in the world of law, particularly when it comes to issues related to corporate accountability and investor protection.

Why They Are Widely Quoted or Remembered


--------------------------------------------

William Lerach's influence on the practice of securities law cannot be overstated. His work has paved the way for numerous high-profile cases, and he continues to be a respected voice in the legal community.

Lerach's legacy is built on his commitment to fighting for justice and protecting investors from fraudulent practices. He remains an important figure in the world of law, particularly when it comes to issues related to corporate accountability and investor protection.

His quotes and insights are highly sought after by media outlets, academic institutions, and business organizations, making him widely quoted and remembered in the fields of law, finance, and business ethics.

Quotes by William Lerach

I don't think ever before have Wall Street banks and investors jointly petitioned the SEC to require more disclosure in public offerings.
"
I don't think ever before have Wall Street banks and investors jointly petitioned the SEC to require more disclosure in public offerings.
WL
#banks
I certainly anticipate that we would see several other large settlements.
"
I certainly anticipate that we would see several other large settlements.
WL
#anticipate
Citigroup was a substantial participant as a financial institution involved in Enron. ... This will have a salutary effect on the others.
"
Citigroup was a substantial participant as a financial institution involved in Enron. ... This will have a salutary effect on the others.
WL
#effect
The settlement reflects the level of involvement from CIBC, and reflects the fact they waited for others to settle before them, and that reflects the settlement amount,
"
The settlement reflects the level of involvement from CIBC, and reflects the fact they waited for others to settle before them, and that reflects the settlement amount,
WL
#fact
They wanted to bring us clients for one-third of our fee, and we refused to do that.
"
They wanted to bring us clients for one-third of our fee, and we refused to do that.
WL
#bring
It's always better to live with whatever the facts are, however bad they are, than destroy the evidence.
"
It's always better to live with whatever the facts are, however bad they are, than destroy the evidence.
WL
#bad
It sends a very serious message to those banks that have not yet settled that they better get about settling soon or they are going to pay more and more as time goes by,
"
It sends a very serious message to those banks that have not yet settled that they better get about settling soon or they are going to pay more and more as time goes by,
WL
#banks
They are going to cross their fingers, sign, and pray for the best,
"
They are going to cross their fingers, sign, and pray for the best,
WL
#cross
They feel they want to maximize whatever recovery they can.
"
They feel they want to maximize whatever recovery they can.
WL
#maximize
These books were cooked by Lay and the other top executives, who put hundreds of millions of dollars in their pockets, while the employees of Enron were victimized and hundreds of thousands of other investors lost billions of dollars,
"
These books were cooked by Lay and the other top executives, who put hundreds of millions of dollars in their pockets, while the employees of Enron were victimized and hundreds of thousands of other investors lost billions of dollars,
WL
#books-and-reading
Showing 1 to 10 of 20 results