“I have recently been made aware of a market practice known as ’short selling’ and am amazed that it is legal,” Oklahoma Attorney General Drew Edmondson wrote the Securities and Exchange Commission last year. That’s one of many tidbits to be found in a column by the L.A. Times’s Mike Hiltzik about politicians’ ties to Oklahoma-based Pre-Paid Legal Services, a multilevel marketing (MLM) enterprise that has been the subject of a fair bit of controversy and litigation over the years (Mike Hiltzik, “Lockyer Not Above a Little Legal Aid”, Los Angeles Times, Dec. 18). Oklahoma AG Edmondson’s bio lists him as having been born on “October 12, 1946″ rather than, as one might assume, “yesterday”.
Chronicling the high cost of our legal system
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Point of Law- Note: Today's Trial Lawyers, Inc.: K Street Live Event Now an Online Presentation / Conference CallIMPORTANT NOTE: To anyone who was planning on attending MI's live event on Capitol Hill this afternoon, at which we were to unveil the newest Trial Lawyers, Inc. report, Trial Lawyers, Inc.: K Street--A Report on the Litigation Lobby 2010,... […]James R. Copland
- Florida Smoker's $300 Million Award to Be ReducedThe largest individual award to a Florida smoker will be reduced, Judge Jeffrey Streitfeld (Broward County Circuit Court) ruled Friday. [Here's the story on Law.com] Judge Streitfeld called the $300 million jury verdict, rendered months ago, "excessive" and "shocking," based... […]Michael Krauss
- How the Plaintiffs Bar Bought the SenateIn today's Wall Street Journal, I have an opinion piece that explains how the plaintiffs' bar is using its campaign-funding largesse to buy political influence: Since 1990, the sums donated to federal political candidates by lawyers--excluding lobbyists--exceed $1 billion, according... […]James R. Copland
- "CSX Chases Plaintiff Firm Over Asbestos""A railroad company's dogged pursuit of conspiracy and fraud charges against an asbestos law firm is unfolding in a federal appellate court and with a major assist from business and tort reform groups." [Marcia Coyle, NLJ]... […]Walter Olson
- Baltimore Sun on med-mal reformThe paper likes health courts and an apology law.... […]Walter Olson
- Note: Today's Trial Lawyers, Inc.: K Street Live Event Now an Online Presentation / Conference Call
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The Limits of the Oklahoma AG’s Knowledge
Walter Olson caught an astonishing admission by the Oklahoma AG who is prosecuting the WorldCom cases:”I have recently been made aware of a market practice known as ’short selling’ and am amazed that it is legal,” Oklahoma Attorney General Drew
Okla. lawmakers seek to rein in AG
In a vote split 7-6 along party lines, with Republicans in favor, the Judiciary Committee of the Oklahoma House of Representatives has given its approval to a measure that would strip Democratic Attorney General Drew Edmondson of the power to…
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