| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $900 million | N/A | March 14, 1946 | Ohio River Valley | Male | N/A | Former Lawyer | American |
What is William Lerach’s Net Worth?
William Lerach, a former lawyer specializing in private securities class action lawsuits, has a net worth of $900 million dollars.
Highlights
– William Lerach has a net worth of $900 million dollars.
– He was a successful lawyer, known for suing some of the biggest names in American business.
– Lerach obtained $7.12 billion as the lead plaintiff’s attorney in the case against Enron, the largest sum ever recovered in a group of securities class-action lawsuits in U.S. history.
– He was disbarred in 2009 and served a two-year prison sentence after pleading guilty to one count of obstruction of justice.
– Lerach was a major Democratic donor for many years.
– He was born on March 14, 1946, in the Ohio River Valley.
Early Life
William Lerach was born on March 14, 1946, in the Ohio River Valley. Not much is known about his early life, including his family background and education.
Career
Lerach had a successful career as a securities lawyer for over 30 years. He specialized in prosecuting securities class and stockholder derivative actions, resulting in billions of dollars of recoveries for defrauded shareholders of Wall Street banks, major accounting firms, corporations, and insurance companies. He gained significant media attention and was a frequent commentator on economic, political, securities, and corporate law matters.
One of Lerach’s most notable cases was the prosecution of Enron, where he obtained $7.12 billion as the lead plaintiff’s attorney. This remains the largest sum ever recovered in a group of securities class-action lawsuits in U.S. history.
In 2007, Lerach pled guilty to one count of obstruction of justice and began a two-year prison sentence. As a result, he was disbarred in 2009.
Personal Life
Not much is known about William Lerach’s personal life, including his relationships, family, and hobbies. However, he was a major Democratic donor for many years.
Net Worth Over Time
William Lerach has a net worth of $900 million dollars. It is worth noting that his net worth may have fluctuated over time due to his legal battles, penalties, and disbarment.
Components of Net Worth
Lerach’s net worth primarily comes from his successful career as a securities lawyer. His specialization in prosecuting securities class and stockholder derivative actions allowed him to recover billions of dollars for defrauded shareholders. The $7.12 billion he obtained as the lead plaintiff’s attorney in the Enron case significantly contributed to his net worth. However, it is important to mention that his net worth might have been impacted by legal fees, penalties, and his disbarment.
Please note that all net worth figures mentioned are calculated using data from public sources and may only be estimates.