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There would be fewer questions asked if she just did her thing and he stood quietly in the background. Setting up a consulting firm attracts attention to him and might bring some other clientele, but it also draws the wrong sort of attention. He better watch it.

In the Kentucky case, they probably are onto something that smells bad. Those big firms like Blackstone are treated as if they can do no wrong, and some less-than-sophisticated fund managers in Kentucky could easily have fallen for some poor investments.

Jan. 24, 2018

Three things worth remembering about Bill Lerach:

Shortly after the courts dismissed his hard-fought shareholders suit against Worldcom for not proving there was accounting fraud - his suit that was was decried as a shakedown - the Securities and Exchange Commission investigated the company and found pretty much that Lerach was right. Massive fraud. The corporate officers were never held accountable and the company went into bankruptcy. Thousands of shareholders lost all their savings.

When CalPERS, the state retirement fund, realized its enormous losses from Worldcom, it sought and retained Lerach, who recovered $200 million from the financial professionals that enabled the Worldcom fraud.

In the 1990s, Lerach's firm represented a large group of former General Dynamics/Convair workers in San Diego (the company made them all ''managers') after the company withdrew the retirement benefits promised to the managers. For free. He lost but laid the legal groundwork for the follow-up lawsuit. He took no money.

Lerach's firm sunk tens of millions of their own dollars into the 'Joe Camel' Big Tobacco lawsuits because he was outraged by cigarette companies pandering to children - future addicts. They fought tenaciously at their own expense for years - a whole floor of a downtown building for documents - until the Attorney Generals from a bunch of states joined in and extracted huge settlements for public benefit. Every time you hear the county is using 'tobacco money,' that's money the public wouldn't have but for Lerach and his firm.

Jan. 26, 2018
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