Lawyer Of Class Action Against Harley-Davidson Jailed, Fined And Barred.

Bill Lerach one the most feared corporate lawyers who started a class action against Harley-Davidson was sentenced to two years in prison, fined $250,000 and barred forever from practicing law. He operated a kick-back scheme that bribed shareholders to act as lead plaintiffs in class-action lawsuits he initiated against by corporations. In 2005, Bill Lerach sued Harley-Davidson accusing the company’s senior management of pushing US Harley Dealers with excessive inventory to inflate the company financial results and send the Harley share price up. Under his allegations the Harley-Davidson Directors were then selling share options for top dollars. Harley-Davidson denied and refused the trap of setting the lawsuit out of court. The SEC, the US stock market regulatory authority, investigated the allegations and decided that there wasn’t much substancein this Haley-davidson lawsuit. As the opposite of what he expected, Bill Lerach ends up in jail and has also to pay $7.75m in damages.

Zipper's

8 Responses to “Lawyer Of Class Action Against Harley-Davidson Jailed, Fined And Barred.”


  1. 1 ray c wheeler Feb 27th, 2008 at 10:56 am

    LAWYER OF ” NO CLASS “…

    PACK YOU K- Y AND GOLF CLUBS AND HAVE A FINE VACATION .

    YOU HAVE HIT THE LOTTO . ray

  2. 2 ray c wheeler Feb 27th, 2008 at 10:58 am

    LAWYER OF NO CLASS.

    PACK YOUR K – Y AND GOLF CLUBS .

    YOU HAVE HIT THE LOTTO . ray

  3. 3 Don Hemy Feb 27th, 2008 at 10:14 pm

    Excellent news!

  4. 4 Fausto Simoes Feb 29th, 2008 at 8:54 am

    What’s the difference between a lawyer and a rabid dog?

    The rabid dog lets go when you’re dead.

  5. 5 Tim Hanlon Feb 29th, 2008 at 12:24 pm

    If there ever was a thing such as poetic justice, this is it.

  6. 6 dragon Feb 29th, 2008 at 5:47 pm

    the guy’s inside will really like that hair do

  7. 7 Judith. Feb 29th, 2008 at 10:33 pm

    Look at this face!!!

  8. 8 Nicker Feb 29th, 2008 at 10:52 pm

    RE:
    “…the guy’s inside will really like that hair do …”

    Some how i doubt he’ll be doing any “had-time”……:

    More like, country club detention, may be…… 🙁

    -nicker-

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