William Lerach and his brethren in the plaintiffs securities bar have long complained about the way public companies are run. They go so far as to charge that financial fraud and chicanery are rampant on Wall Street and in Silicon Valley. That's why it's a little bit funny that these lawyers are heavily invested in the very companies they have sued. Increasingly, instead of taking cash for their fees, class action lawyers are accepting stock as payment.
June 08, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
William Lerach and his brethren in the plaintiffs securities bar have long complained about the way public companies are run. They go so far as to charge that financial fraud and chicanery is rampant on Wall Street and in Silicon Valley.
That’s why it’s a little bit funny that these lawyers are heavily invested in the very firms they have sued.
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