A little while ago, I reviewed Circle of Greed, the story of William Lerach’s rise and fall in the world of the class-action plaintiffs’ bar. The posts on the subject drew some criticism from some plaintiffs’ lawyers, but I still think it was worth it to see how at least one plaintiffs’ counsel
Lawyers
Adequacy of Counsel – Qualifications Not Covered in Rule 23(g)
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Officially, I’m still on hiatus. (Although the author-reviewed copy edits for The Class Action Playbook went in to the publisher yesterday.) But today’s article in the Wall Street Journal: "Lawyers Wrestle Over Driver’s Seat in Litigation Against Toyota" deserves a brief post, if only to highlight some of the unusual qualifications plaintiffs’ lawyers are touting…
What Circle of Greed Can Tell Us About Plaintiff Strategies
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Over the last week, I provided a brief review of the new biography of disgraced (but largely successful) class-action plaintiff’s lawyer William Lerach, and a discussion of some of his psychological quirks that one might encounter in some other plaintiffs’ lawyers. Today, I’m closing out my discussion of Circle of Greed by looking at…
What Does Circle of Greed Tell Us About Plaintiffs’ Thinking?
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Posted in Lawyers
On Tuesday, I provided a brief review of the Lerach biography Circle of Greed. Today, I want to focus on what some of the stories about Lerach can reveal about the psychology of the class-action plaintiffs’ lawyer.
I freely concede that this is about as unscientific an inquiry as one can make. For better…
Circle of Greed – A Look Into the Mind of the Class-Action Plaintiff’s Lawyer
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Posted in Lawyers
I’ve written before about how – the odd beauty contest aside – the plaintiffs’ bar often seems as opaque as the Cold War Kremlin to defense lawyers. Journalists Patrick Dillon and Carl M. Cannon have done their part for class-action glasnost, however, with their new biography of William Lerach, Circle of Greed: The Spectactular Rise …
Securities Plaintiffs’ Firms: Florida SBA Beauty Contest Shows Lots of Leg
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Posted in Lawyers
Last week, I wrote that in class actions, divining the motives of plaintiffs’ firms can feel like Kremlinology; this week it seems more like missology. The Florida State Board of Administration (which oversees Florida’s retirement funds) has conducted a “beauty contest” for its next securities counsel, and done so with what various observers…