Fortune reporter Erika Fry profiles the lawyer-allied Louisiana Municipal Police Employees’ Retirement System, pronounced “Lampers,” which has been called a “serial plaintiff,” a “frequent filer,” and in one legal brief “the most prolific filer of shareholder litigation in U.S. history.”
Saltwater incursion and wetlands loss associated with industrial use of coastal Louisiana have worsened the exposure of populated areas to flooding, according to official reports and scientific studies. Now a flood protection board representing much of the New Orleans area is suing energy companies demanding a contribution of “billions” of dollars, though its spokesman acknowledges that government actions were also responsible for weakening the natural environmental buffer. John Schwartz quotes me in his New York Times report today, though without the chance to study the suit’s contentions it was hard for me to make any more than the most preliminary observations.
P.S. More details emerge in an expanded version of the story as well as in a Thursday Washington Post report. The agency is suing “about 100″ energy companies. Canal construction and other actions taken by the U.S. Army Corps of Engineers were important contributors to the environmental losses, but principles of sovereign immunity restrict suits against the Corps. Republican Louisiana Gov. Bobby Jindal said “that the levee agency had usurped his authority and that the suit would enrich trial lawyers” and demanded that the Southeast Louisiana Flood Protection Authority “cancel contracts with the four law firms that had agreed to handle the case on a contingency basis.”
A hearing in a New Orleans courtroom gives off a tantalizing aroma of Louisiana home cooking. “But what do I know? I’m from New York.” [New York Times, earlier here and here]
A “staff attorney at the Deepwater Horizon Court Supervised Settlement Program… was suspended after being accused of accepting fees from law firms while processing their clients’ claims from the 2010 Gulf of Mexico oil spill.” [Bloomberg] And that’s just the start of what may be much wider problems, according to a cover story by Paul Barrett at Bloomberg Business Week. “The craziest thing about the settlement,” one lawyer wrote in a client-solicitation letter, “is that you can be compensated for losses that are UNRELATED to the spill.” [Bloomberg Business Week] Barrett’s account tells, in his own words, “how the private-claims process following BP’s (BP) 2010 Gulf of Mexico oil spill devolved into a plaintiffs’-lawyer feeding frenzy.” [BBW]
Appropriately safeguarding the Second Amendment shouldn’t mean undermining the First. [Eugene Volokh]
“If we do not receive a signed copy of the attached letter from you [agreeing not to accept voucher funds under Louisiana's newly enacted Student Scholarships for Educational Excellence program] by 4:00 P.M. on Friday, July 27, 2012, we will have no alternative other than to institute litigation against St. Theodore Holy Family Catholic School…” — one of many such letters sent by lawyers representing Louisiana Association of Educators, the state teacher’s union. [The Hayride, Pelican Post]