Now it’s the $60 million in legal fees from the bankruptcy of Pacific Gas & Electric-affiliated energy companies that’s drawing criticism. (Tom Schoenberg, “$60M Bankruptcy Bonanza”, Legal Times, May 6). See Jan. 13, Sept. 22, 2004 (hundreds of millions in main PG&E bankruptcy), etc.
Chronicling the high cost of our legal system
Cato Institute
Individual liberty, free markets, and peace: the world's premier libertarian think tank. Publishes Cato at Liberty, where I blog on contemporary policy issues.
Schools for Misrule
Get your copy today! My new book tackles the question of why so many bad ideas come from the law schools. "Cutting-edge commentary, hard-hitting, witty, astute." -- Publisher's Weekly. "Excellent... A fine dissection of these strangely powerful institutions" -- Wall Street Journal.