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

Saturday, June 07, 2008

Torture

Maybe Torture should be allowed

Plead guilty, your partners plead guilty, but you contend you were right all along ...

Maybe a bit of waterboarding, how about the rack, boiling oil?

Talking Business - Serving Time, but Lacking Remorse - NYTimes.com:

"Some guys just don’t know when to shut up. William S. Lerach is one of those guys.

William S. Lerach was sentenced to two years after pleading guilty to playing a role in a kickback scheme at his law firm.

Once the most feared plaintiffs’ lawyer in the land, Mr. Lerach went to prison last month for his involvement in a long-running kickback scheme. His former firm, Milberg Weiss Bershad & Schulman, you see, allegedly made secret payments to a small group of people who acted, in effect, as Potemkin plaintiffs, allowing the firm to trot them out as clients whenever it wanted to sue a company whose stock had fallen. Which, by the way, was often; in its glory years, Milberg Weiss’s annual “market share” in securities litigation exceeded 50 percent."

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