March 16, 2010
Bill Lerach is out of prison and on the lecture circuit
Posted by Gordon Smith

After serving two years in federal prison for pleading guilty to criminal conspiracy and obstruction of justice, Bill Lerach was freed last week. Next month, he will speak at the  University of San Diego School of Law's new Center for Corporate and Securities Law.

The University of San Diego School of Law's new Center for Corporate and Securities Law presents a panel discussion titled, "Where is Corporate and Securities Litigation Headed Post-Crisis?" featuring corporate and securities litigation experts: 

Brian R. Cheffins
S.J. Berwin Professor of Corporate Law, University of Cambridge, Faculty of Law 
William S. Lerach
Founder and former partner, Lerach Coughlin Stoia Geller Rudman & Robbins LLP 
Frank Partnoy
George E. Barrett Professor of Law and Finance, University of San Diego School of Law 
Monday, April 12, 2010 
5:30 p.m. reception
6:00 p.m. panel discussion 
Joan B. Kroc Institute for Peace & Justice University of San Diego 
Panelists will discuss trends in the aftermath of the financial crisis, including the changes in the nature and extent of state court filings in Delaware and the approaches taken in recent federal securities class action lawsuits against major financial institutions.
Listening to Brian and Frank would be a joy, but I could not stomach seeing Lerach again. I assume he will lament the good old days, when private civil litigation made him rich: "I don't have regrets about the career I pursued, the results I achieved and the things I stood up and argued for." Though he reportedly has expressed regret for the mistakes that landed him in prison, he also has observed that "the tactics he used, while unethical, were practiced at other law firms as well."

This sure doesn't sound like a guy who hates fraud. He sounds like a guy whose only real regret is that he was caught.

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