Wednesday, December 12, 2007

Nashville Plaintiff's Attorneys Play Scrooge

According to a report in The Tennessean, a group of Nashville trial attorneys are trying to back out on a promise made in open court that they would donate about 7% of their exorbitant fees under a class action settlement to charity.

Under the agreement in a case brought by shareholders against CVS/Caremark, the judge was going to go along with lawyer fees of $7.5 MILLION. The judge wanted to use a few hundred thousand of that to obtain hockey tickets for some of the poor of Nashville, and the attorneys agreed to the donation. As NHL hockey tickets are for the most part rather expensive, this would have been a nice gift for people who cannot ordinarily afford to go to the games.

However, the attorneys are now evidently balking at the deal they had made. Perhaps they could use a visit from the ghosts of Christmas past, present, and future to help them find their way.

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