Saturday, June 2, 2007
Controversial plantiffs' class action attorney, William Lerach, is considering retirement, according to a statement released by his law firm, Lerach Coughlin. The statement refers to the "distraction" of the federal investigation into Milberg Weiss, the law firm Lerach split from four years ago. (Milberg Weiss and two of its partners are under indictment for making illegal payments to named plaintiffs in class actions.) The statement also says that Lerach Coughlin is not a target of the federal investigation. See WSJ, Lerach Considers Retiring Amid Legal Scrutiny.