It took seven years, but prosecutors are finally on the verge of putting famed plaintiffs lawyer William Lerach in federal prison. Several people briefed on the case said Monday that Lerach and the prosecutors had agreed on a binding deal in which Lerach’s lawyers would ask for a sentence of 12 months and prosecutors would seek 24 months. The agreement, said people familiar with the case, would have Lerach pay a fine of $8 million, and would get his former firm out from under the investigation.
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