It’s behind a paywall, but TortsProf has a few highlights. Some lawyers are battling to stave off transparency that could catch out counsel and clients who tell inconsistent stories from one case to the next in the course of squeezing maximum payouts from bankruptcy trusts set up to handle claims against asbestos defendants; the trusts themselves have extensive managerial ties to leading plaintiff’s-side firms.
P.S. And House hearings [Bloomberg News, Chamber-backed Legal NewsLine].
3 Comments
These stories always amaze me. (Mortgage have a similar high fraud rate–and over 50% of the people who applied for the “first time homebuyers tax credit” did so fraudulently)
The article says: (I pay for the WSJ)
What amazes me is how dishonest the 99% (or the 47%) is. These people will be the first to complain about greedy Wall Street and banks (which for the most part follow the law), but give them an opportunity to cheat and still, and they will.
When house prices were rising rapidly, leveraged investment for a house was the way to riches. Donald Trump’s incredibly stupid investment in Manhattan during New York’s fiscal woes was hugely successful because it was stupid and highly leveraged. It was main street greed that fueled the housing bubble.
Robert is right. Fraud by the average Joe is to be expected.
Hi. Let me be clear – That article is littered with lies. First off, my office has never filed a claim for a ‘nurse’ who did boiler work. I know the claim personally and it was for a “materials handler” who worked in a hospital and not a nurse. Dionne Searcy, the writer, left out key facts. There is fraud out there – but not by me.