The Spectacle Blog

Big Expose on Class-Action Firm

By on 2.13.08 | 9:11AM

My boss at the Washington Examiner, Mark Tapscott, today starts an absolutely top-notch series on a little-known "legal education" outfit called ILEP that seems to be buttering up judges and others for favorable treatement for class-action suits, especially for those involving principals (or former principals) of the now-disgraced Milberg Weiss firm. Today's installments are here, here, here, here, here, and here. And there is more to come in the next few days.
One other note: The articles a few times mention, quite favorably, the "Prviate Securities Litigation Reform Act of 1995," which cited Milberg Weiss "as evidence why the legislation was needed"; and top partner William Lerach, who was sentenced to a prison term just two days ago, mentioned that act in his pleadings as one reason why (he claimed) he stopped breaking the law after 1995. And who was the author of that act, passed over President Bill Clinton's veto, an act that now looks better and better as time goes on? Chris Cox, now chairman of the SEC, and an excellent potential choice to be John McCain's running mate.

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