http://www.kentucky.com/mld/kentucky/14330779.htmThree Lexington lawyers plan to appeal a recent decision that said they pocketed millions of dollars that should have gone to their clients as part of a 2001 class-action lawsuit over the diet drug fen-phen.
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The lawyers and the consultants on the $200 million case received more money -- collectively $106 million, or roughly $20 million each -- than the $74 million split among their 431 clients.
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The lawyers, with the approval of a judge who has since been reprimanded, also set aside $20 million of the $200 million settlement for the creation of a non-profit called the Kentucky Fund for Healthy Living. They later became paid board members of the fund.
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The Judicial Conduct Commission publicly reprimanded former Boone Circuit Court Judge Jay Bamberger in February for violating a host of judicial cannons. Bamberger became a paid board member of the Kentucky Fund for Healthy Living and approved the attorney fees that the judge said were excessive.
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The lawyers' fees were between 30 and 33 percent of the total settlement, according to their contracts with their clients. The lawyers' actual fees were close to 49 percent of the total $200 million, Wehr noted in his order.
...O...
This is soooo wrong! It begs for jail time rather than restitution. Is it any wonder that we find so much truth as we yet laugh at the ubiquitous lawyer jokes?!
This is likely not an anomaly, but I nevertheless had to get it off my chest.