Pioneering corporate class-action lawyer William Lerach pleaded guilty in federal court to obstruction of justice charges and agreed to pay an $8 million fine. Investigators charged that Lerach, 61, and his partners secretly paid clients to be plaintiffs in shareholder class actions the firm would file. The "king of the class actions" will spend a year or two in prison. (The Washington Post)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Aston Martin Vantage Roadster: 'a rare treat indeed'The Week Recommends The Roadster version of Aston Martin's new Vantage coupé makes even 'the most mundane journey feel special'
-
Bad Friend: Tiffany Watt Smith explores why women abandon friendshipsThe Week Recommends A 'deeply researched' account of female friendship through history
-
Brazil's reborn dolls crazeUnder The Radar The 'hyper-realistic' babies soaring in popularity in South American nation have spawned controversy
