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, by Pat Dillon
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Product details
File Size: 1630 KB
Print Length: 546 pages
Publisher: Broadway Books; 1 edition (February 24, 2010)
Publication Date: March 2, 2010
Sold by: Random House LLC
Language: English
ASIN: B0036S4EMS
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Amazon Best Sellers Rank:
#20,498 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Reads like a very well researched and detailed chronology of Bill Lerach’s career rather than a compelling business-insider drama. It’s all there, but hard to separate the wheat from chaff; would be a better book 30% shorter. But I enjoyed it and read every word.
The story of the lawyer Wall Street most feared for more than a decade is a difficult one to tell. The authors have excelled in their digging out of the the facts and then presenting them in a compelling read. Lerach is an awesome figure, literally - one can be in awe of the work he did in recovering billions of dollars from the shady crooks who misused their positions of power, whether in the Keating scandal, the Enron scandal, or the WorldCom scandal, etc.....and one can also be in awe of the way in which he paid scant attention to the law as he amassed his own personal fortune paying off professional plaintiffs to get the job done....and finally, one can be in awe of how little he seems to have accomplished in view of the crash of 2008, in which all the same kinds of immoral thieves repeated the sins of the 80's, 90's and early 00's, albeit this time without even a flawed legal genius to attack them the way Lerach did in the last go-round. Although I think the authors slighted Lerach's deep-seated beliefs in the righteousness of the battles he pursued, and paid too much attention to the money trail alone, this nevertheless led to a compelling read and a much deeper understanding of how difficult it is to make even the slightest dent in the immoral amoral world of reckless cowboy financial wheeler-dealers who rule our economy for now....
This is a compelling read--I couldn't put it down--and tells the remarkable story of Bill Lerach, the major fraud litigator in America for the 30 years between 1975 and 2005. It is dense with details, but it is surprisingly fair, both to Lerach and to the forces which brought him down. From a breakthrough case against the Methodist Church in the 1970s, through the Savings and Loan debacle of the 80s, the dot.com manipulations of the 90s and the colossal Enron and Worldcom collapses of the 00's, Lerach developed a reputation as a no-holds-barred fraud detector. Of course the corporate world thought of him as a despicable bloodsucker and archenemy. And his over-reaching led to his conviction and two years in prison as well as to the end of his legal career. He remains a hero to many, however, who got back some of the money they were robbed of by corporate malfeasance. This book tells the whole story--both sides of it--and tells it well. Highly recommended.
I enjoyed this book tremendously. The lawyer is totally three-dimensional, an authentic human being; the story is engaging, in fact, I could not put the book down. Beyond a ripping biography, it is also the story of our times, telling how a decent, well-intentioned person can get somehow caught up in shortcuts that turn out to be illegal and eventually cause his undoing.
If you enjoy well-written non-fiction about interesting characters and their foibles in the business/legal world, certainly add 'Circle of Greed' to your reading list. Bill Lerach's personality, actions and place in history are certainly worthy of a serious book like this one. The authors Cannon and Dillon maintain a compelling narrative flow while relating an enormous volume of impeccably-researched information- some of it arcane- which is no small feat.If, however, you are looking for an excellent business-legal world character study/history book/thriller that is simultaneously a textbook on securities law and class action lawsuits, a precise survey of commute times in the Cleveland metropolitan area and completely devoid of any conventional narrative language, this may not be the book for you.
My son works in this law firm ( after the fall) Its a different place now. This was interesting revelation, but it seems the whole thing started out with good intentions,but gotted derailed by greed.
Excellent read for anyone interested in either the business of mass tort law in the U.S., or in learning the story of a William Lerach, a fascinating character. His rise and fall are extremely well-documented in a thorough yet easy to follow narrative. Highly highly recommended, for both lawyers and non-lawyers.
Fascinating story, well researched, thoughtful, incisive, insightful , well written. Author did his homework and demonstrates a deep understanding of the real world of lawyers and lawsuits.
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