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December 21, 2007, Newsletter Issue #120: Profiting From Tobacco Lawsuits
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Tip of the Week
It´s not unrealistic that half of the settlement money goes directly into the pockets of attorneys.
- Lawyers involved in the Florida smoking lawsuit were asking for $185,000 an hour.
- The team of five lawyers who negotiated a $17.3 billion settlement in Texas´ lawsuit against tobacco companies has been awarded a record $3.3 billion in fees.
- The tobacco industry was ordered to pay $775 million in legal fees to five Massachusetts firms that sued on behalf of that state.
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