Saturday, March 24, 2007

Fraud Inquiry Looks at Lawyers in Diet-Drug Case - New York Times

Fraud Inquiry Looks at Lawyers in Diet-Drug Case - New York Times: "When the clients sued the drug maker, they agreed to pay the lawyers 30 percent to 33 percent of any money that was recovered, plus expenses. In this case, that would have left the 440 clients to divide perhaps $135 million.

But the clients received only $74 million. An additional $20 million went to a questionable “charitable fund.” The rest — $106 million — went to lawyers."