Tuesday, May 20, 2008
On the WSJ's Law Blog there was a very interesting story about three lawyers headed to trial. These attorneys represented 440 plaintiffs who claimed they were injured by the diet drug Fen-Phen. Of the $200 million settlement, it is alleged that they misappropriated $65 million of it. They even placed $20 million in a charitable fund (I guess to ease their guilt) and then paid themselves almost $150,000 each to manage it. Oh yeah, the plaintiffs who were supposed to get 2/3 of the BS suit only got 1/3. The indictment charges state they committed wire fraud, failed to disclose to their clients the total amount settled and on and on. One professor of law ethics stated that it is not "uncommon for lawyers to violate what is known as the aggregate settlement rule". What? If it is not uncommon then why hasn't it been fixed? Where is Congress on this? Oh, that's right, Congress is made up of lawyers.
And the third little lawyer built his house of bricks and manure.....
NOW CHECK OUT WHAT THEY ARE SAYING DURING THE TRIAL!
Posted by Authentic Medicine Blog at 7:25 AM