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>his personal share of the legal fees awarded in that case alone was rumored to be $80 million Why do you feel the need to point out how much Mr. Lerach earns

• downandout 11y ago
  It's relevant because his entire scheme was fueled by personal greed. It also displays the scale at which he operated and the reason that he is a notable example of the kinds of lawyers bringing this type of litigation. As to the greed factor, he invented plaintiffs in 150 cases - in fact he used the same paid plaintiff in over 70 cases. He knew he was breaking the law by doing this and simply didn't care because there was money to be made. In the video I referenced, it explains that he was only caught because it just so happened that this particular plaintiff got caught in a $17 million insurance scam involving the staged theft of some rare art. When he was caught, he rolled over on Lerach. He employed criminals to extort companies and made hundreds of millions of dollars doing it. His actions were seen as so repugnant that the federal government passed a tort reform law that many Congressional staffers referred to as the "Get Lerach Act," although the law unintentionally added jet fuel to his business. The whole thing just smacks of seedy, greedy criminals (Lerach among them) that were out to soak companies for every dime they could get.