An Inclusive Litany
4/7/97
An unusual report by "60 minutes" detailed a successful effort by
plaintiff lawyers to milk a large settlement out of a chemical
company. An accidental release of sulfuric acid near Richmond,
California, harmed very few people according to local doctors, yet
emergency rooms were jammed with complaining patients, often holding
children. Most, it turned out, were sent there by squads of lawyers
who had worked the neighborhood signing up clients. Fearing an adverse
local jury verdict would be worse, the company settled out of court
and paid out $150 million to an incredible 65,000 claimants.
Plaintiff's attorneys took away almost $50 million.