I’m not a vindictive person but I really was quite happy to read this story earlier in the week. Bill Lerach has been the bane of many a high-tech company for at least the last dozen years thanks to his law firm’s dubious modus operandi – suing companies whose stock price drops, claiming some form of illegal activity. These trumped up suits left companies spending their resources fighting legal battles when those resources could have been far better put to use running the company.
When I worked for Brooktree before it was acquired by Rockwell (before it spun off Conexant), Lerach and his cronies slapped a frivolous suit on us and I remember it causing all sorts of hassle.
It really feels good to find out that the impression many of us had of the guy turns out to be verifiably true – he is a crook.