Plaintiffs lawyer William Lerach has stayed outside the reach of investigators eyeing a kickback scheme at his old firm, Milberg Weiss, but a guilty plea in the case Wednesday might change that. Steven Cooperman, a former ophthalmologist convicted of insurance fraud, admitted to taking payments for being lead plaintiff in class actions filed by Milberg Weiss over 12 years. The charging documents don't identify Lerach by name, but a source said, "... there's an awful lot of facts in there about Bill Lerach."
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Former Lead Plaintiff's Guilty Plea May Spell Trouble for Lawyer Lerach
The Recorder
February 1, 2007
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