William Lerach Quotations

Unfortunately, not matter how successful we are, we will never get all of the money back,

Let's be direct here. These books were cooked by Lay and the other top executives who put hundreds of millions of dollars in their pockets, while the employees of Enron were victimized and hundreds of thousands of other investors lost billions of dollars.

Now who do you think cooked these books? Some janitor or low-level employees?

phony partnerships set up to inflate the profits.

I don't think you can draw any conclusions. The ocean comes in, the ocean goes out. It doesn't feel any different to me.

we dropped Mack as a named defendant for the time being, subject to some understandings we reached with his counsel.

We do want a trial date. We want to get there as soon as we can. This case is going to settle. And I hope sooner rather than later.

We can't predict the future, we don't want to try and predict the future, but this development is obviously very favorable for our side of the case.

We can't predict the future, but we've said all along that those that settle earlier will do better than those that didn't come to the table at the appropriate time.

Why should investors sit passively by and take a couple of cents on a the dollar. This is an extraordinarily powerful tactical weapon.

These books were cooked by Lay and the other top executives, who put hundreds of millions of dollars in their pockets, while the employees of Enron were victimized and hundreds of thousands of other investors lost billions of dollars,

They feel they want to maximize whatever recovery they can.

They are going to cross their fingers, sign, and pray for the best,

It sends a very serious message to those banks that have not yet settled that they better get about settling soon or they are going to pay more and more as time goes by,

It's always better to live with whatever the facts are, however bad they are, than destroy the evidence.

They wanted to bring us clients for one-third of our fee, and we refused to do that.

The settlement reflects the level of involvement from CIBC, and reflects the fact they waited for others to settle before them, and that reflects the settlement amount,

Citigroup was a substantial participant as a financial institution involved in Enron. ... This will have a salutary effect on the others.

I certainly anticipate that we would see several other large settlements.

I don't think ever before have Wall Street banks and investors jointly petitioned the SEC to require more disclosure in public offerings.