William S. Lerach, Bill Clinton bud, trial lawyer, and big time Dem donor has bought his last politician. For a few years, anyway…

During the past two decades, Lerach and his family have contributed more than $1.6 million to federal candidates and hosted a fundraiser for President Clinton at his Rancho Santa Fe home.

He has also given hundreds of thousands of dollars to state officials, including more than $200,000 to former Gov. Gray Davis, a Democrat.

Lerach was so notorious among executives that Republican gubernatorial candidate Dan Lungren briefly made him a 1998 campaign issue.

Lungren claimed that Davis might appoint Lerach to the state Supreme Court, a claim that wasn’t taken seriously. For one thing, it would have forced Lerach to take a pay cut of many millions of dollars each year.

Last week, Lerach pleaded guilty to conspiracy while at his old firm of Milberg Weiss for participating in a scheme to pay kickbacks to recruit plaintiffs for 150 class-action lawsuits against U.S. companies.

He agreed to forfeit $7.75 million in unlawful gains, pay a $250,000 fine and accept a prison sentence ranging between one and two years. source

Lerach is definitely a clintonoid, but this time around, he was also very partial to a fellow ambulance chaser, the gorgeous John Edwards.

Source: Nukes News and Views