Lerach’s Enron Class-Action: The First $1 Billion Fee?

While his former partners deal with the fallout from the indictment of Milberg Weiss, class-action king Bill Lerach could be on the verge of winning the first billion-dollar award of attorneys’ fees in the history of American securities litigation. On Tuesday, the New York Sun reported on the possibility of the eye-popping fee in the Enron shareholders’ lawsuit, which has already won settlements of $7.2 billion from banks and investment firms accused of contributing to energy giant’s fraud.