Thursday, April 26, 2007

yeah, but we worked really hard.....

Tampa Tribune/New York Times, 3/24/07

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.

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