Another look at the “man-made legal disaster” (see Jan. 12, Jan. 17) suffered by the taxpayers of Lodi, California after the collapse of a would-be innovative scheme “to force Lodi businesses and their insurance companies to pay to clean up the city’s pollution while immunizing the city from any liability”. The city borrowed $16 million from Lehman Brothers at 25 percent interest to foot the bills of lawyers like the “manipulative” and “astoundingly greedy” Michael Donovan, who concocted the scheme with an assist from Lehman. (Ken Garcia, “Lawyer shows time wounds all heels”, San Francisco Chronicle, Apr. 26).
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