"History is a wonderful thing, if only it was true"
-Tolstoy

Monday, February 11, 2008

Felonious Greed

Just because you win in court doesn't mean you're right:

Lawyer Sentenced in Kickback Scheme - New York Times:
"LOS ANGELES (AP) -- William Lerach, a former partner at a prestigious New York law firm, was sentenced Monday to two years in federal prison for his role in a lucrative kickback scheme involving class-action lawsuits against some of the nation's biggest corporations.

Lerach, 61, was also sentenced to two years probation, fined $250,000 and ordered to complete 1,000 hours of community service."

and

"Lerach, whose high-profile legal victories included a $7 billion judgment against now-defunct energy giant Enron Corp., pleaded guilty in October to one count of conspiracy to obstruct justice and make false statements.

"I pleaded guilty in this case because I was guilty," Lerach said before sentencing. "It was, as they say, felony stupid."


Stock goes down ... sue the company.
Stocks are only allowed to go up.

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