The Lerach solution

More

My wife Jody has the perfect answer to how we can get some crazy bank executives to disgorge the ill-gotten bonuses they've paid themselves even while they're on the taxpayer dole: the feds need to hire Bill Lerach to bring their case. Lerach, you'll recall, is the premiere shareholder suit litigator/corporate shakedown artist in the country. The only problem is that he's in jail right now, serving time because his law firm paid plaintiffs illegally in his assorted class actions over the years.

Whatever else you may think of Lerach, the guy scares corporate America, and he knows how to use that fear to get big settlements for his clients. Today the U.S. government is the client that needs him, in its role as major shareholder of all these badly behaving banks. Lerach's skills are too perfect for this moment for him to be paying his debt to society sitting in some country-club federal prison. Let Lerach reduce his time by bringing the cases that are tailor-made for his particular brand of hardball.

Until now the president's men have made wimpy noises about it likely being "hard" or "impossible" to claw back these recent bonuses. Sic Lerach on them and this entire conversation will change overnight.

Jump to comments
Presented by
Get Today's Top Stories in Your Inbox (preview)

What Is the Greatest Story Ever Told?

A panel of storytellers share their favorite tales, from the Bible to Charlotte's Web.


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

The Death of Film

You'll never hear the whirring sound of a projector again.

Video

How to Hunt With Poison Darts

A Borneo hunter explains one of his tribe's oldest customs: the art of the blowpipe

Video

A Delightful, Pixar-Inspired Cartoon

An action figure and his reluctant sidekick trek across a kitchen in search of treasure.

Video

I Am an Undocumented Immigrant

"I look like a typical young American."

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Writers

Up
Down

More in Business

Just In