William Lerach Net Worth

What is William Lerach's Net Worth?

William Lerach is a former lawyer who specialized in private securities class action lawsuits who has a net worth of $900 million dollars. William Lerach was born March 14, 1946 in the Ohio River Valley. Lerach was successful in suing some of the largest names in American business and was suing Halliburton and its then CEO Dick Cheney, the Vice President of the United States. For over 30 years, Lerach was a securities lawyer. He headed up the prosecution of securities class and stockholder derivative actions which resulted in billions of dollars of recoveries for defrauded shareholders of Wall Street banks, major accounting firms, corporations and insurance companies. Lerach was the subject of considerable media attention and a frequent commentator on economic and political matters and securities and corporate law. The $7.12 billion he obtained as the lead plaintiff's attorney in the case against Enron is currently the largest sum ever recovered in a group of securities class-action lawsuits in U.S. history In 2007, Lerach pled guilty to one count of obstruction of justice and began a two-year prison sentence. He was disbarred in 2009. Lerach was a major Democratic donor for many years. His case and sentencing were presided over by US District Court Judge John F. Walter, nominated to the bench by President George W. Bush in 2002.