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The three Kentucky lawyers who won $200 million for their clients in a 2001 settlement with the manufacturer of the diet drug phen-fen, and whose contract called for a maximum of one-third commission (about $67 million) actually took $59 million more than that, according to clients who testified before a federal grand jury in March, which is expected to indict the lawyers soon for fraud, according to a New York Times dispatch. The lawyers had explained that they were taking an extra $20 million because they had decided to create a “charity” and were simply entitled to the other $39 million because they had to work extra hard. The Kentucky bar association has suspended the lawyers. [Tampa Tribune-New York Times, 3-24-07]
This entry was posted on Monday, April 23rd, 2007 at 8:44 am and is filed under Monday Morning News.
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May 1st, 2007 at 1:03 am
It would be a blessing for the less fortunate people if you’ll gonna make a charity. God would surely shower His blessings to you guys. Keep up the good works.