August 7, 2007
Fen-Phen Plaintiffs Win $62 Million -- From Their Former Lawyers
In a suit filed in 2004, 400 Fen-Phen plaintiffs allege that their own lawyers defrauded them by failing to disclose information about the settlement and by failing to properly distribute client funds. The Washington Post (via AP) reports that, last week, the judge ordered three of the former lawyers to repay $42 million taken from the settlement and $20.1 million in interest. As noted in a prior post, two of these lawyers own a 20% stake in a horse named Curlin - the winner of the Preakness and its $1million purse. No word on whether Curlin is part of the judgment.
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