LegalNewsLine Logo  
Friday, February 10 2012 Twitter  feedburner  yahoo  Subscribe in NewsGator Online
News | Contact LegalNewsline | About Us | Advertise | RSS
Enter search keyword
 
clear
clear
NEWSLETTER
Receive our FREE weekly newsletter
click here
Today's Offers:

LNL MOST POPULAR ARTICLES
+ Vermont GOP wants Sorrell to look into possible union bullying
+ Hood critical of bill that would allow officials to hire outside attorneys
+ More than 40 states have signed on to proposed mortgage deal
+ Study shows plaintiff bias in Philly courts
+ Man, startled by bottle rocket shot out of anus, sues frat
LNL HOT TOPICS
+ Asbestos
+ Big Pharma
+ BP Oil Spill
+ Class Action
+ Dickie Scruggs
+ Federal Government
+ Financial Crisis
+ Global Warming
+ Hurricane Katrina
+ Lead Paint
+ Sub-Prime Mortgages
+ Tobacco
State AGs 
story date  
Fla. AG's office: WSJ spot-on with pay-to-play story
mccollum.jpg
McCollum
TALLAHASSEE, Fla. (Legal Newsline) - Not that he had an advance copy, but Florida Attorney General Bill McCollum could see one of the articles in Wednesday's Wall Street Journal coming.

The WSJ detailed the practice of those in charge of hiring private lawyers to represent pension funds choosing the firms that contributed to their political campaign, focusing specifically on a Massachusetts county pension fund and the Ohio Attorney General's Office.

McCollum recently convinced the board that makes those decisions in his state to certain reforms, including a cap on attorneys fees and increased transparency in the hiring process.

"Transparency and accountability are key to this process, and we should be focused on maximizing recoveries back to the public, not on padding the pockets of private attorneys at the public's expense," McCollum spokesperson Sandi Copes said Wednesday.

She said the pay-to-play issue raised in the WSJ are "the very reason (McCollum) sought and succeeded" in his effort.

State Board of Administration members McCollum, Gov. Charlie Crist and Chief Financial Officer Alex Sink all voted for McCollum's proposal, which is based on his own personal practices as attorney general. The cap system provides a certain amount of attorneys fees for each tier of an award or settlement and allows a maximum of $50 million.

The measure also provides more readily available public information about contingency fee contracts, such as timesheets and firms' bids.

McCollum is hoping legislation that will make the practice permanent in the state's Attorney General's Office. The same bill stalled in early 2009.

The WSJ report said New York firm Labaton Sucharow has been hired to pursue 10 shareholder lawsuits since 2006 by the Norfolk County, Mass., pension board. Joseph Connolly, the head of the board, has received 68 maximum contributions of $500 from attorneys at the firm and their relatives.

"Plaintiffs' lawyers donate because they think it buys them access to people who make decisions over how pension funds select counsel," said Fred Isquith, a partner at Wolf Haldenstein Adler Freeman & Herz LLP, a plaintiffs' firm in New York, in the report.

The report also quoted former Ohio Attorney General Marc Dann, who said, "I have no doubt I received donations with the expectation of work."

After he resigned during a sex scandal, current Attorney General Richard Cordray took over. Five of the firms picked to represent Ohio pension funds have contributed $300,000 to the state Democratic party, the report says. Cordray received almost $2 million from the party.

McCollum chief of staff Joe Jacquot recently said that the transparency measures in McCollum's plan shouldn't be overlooked.

"The cap is not going to stop pay-to-play, but it's certainly an incentive," Jacquot said. "The transparency with the firms on a Web site, the open bidding, that's going to be key."

Copes said she did not know of any state that was considering similar measures to McCollum's.

From Legal Newsline: Reach John O'Brien by e-mail at jobrienwv@gmail.com.

Filed Under: State AGs

E-mail this article to a friend | Printer friendly format

MORE NEWS HEADLINES:
+ Vermont GOP wants Sorrell to look into possible union bullying - 2/10   read more
+ Blog: Mortgage settlement not all that great - 2/9   read more
+ Report: Va. AG sues over health spa memberships - 2/9   read more
+ N.H. AG settles with PetSmart over cadmium allegations - 2/9   read more
+ Conn. utilities board rules for Jepsen's motion - 2/9   read more
+ Hood critical of bill that would allow officials to hire outside ... - 2/8   read more
+ La. AG hauls in $25.2M from five drug companies - 2/8   read more
+ Wells Fargo changes practices for handling subpoenas - 2/8   read more
+ Jepsen wants info from ValueAppeal - 2/8   read more
+ Ind. AG sues mortgage rescue companies - 2/8   read more


IN THE SPOTLIGHT:
garrett.jpg
Wednesday, February 08, 2012
PHILADELPHIA (Legal Newsline) - A roundtable of federal and state judges from across the country will convene at the posh Ritz Carlton on Feb. 9 to address topics such as "Can MDL's keep up with state court trial settings;" "Priority of deposition examination;" "State and federal cooperation;" and "Forum non conveniens."
Read more...


+ Study shows plaintiff bias in Philly courts - 2/6
+ Fannie Mae offers examples of routine dishonesty in its fight against lenders - 2/3
+ Quaker City courts have troubled history; some reject 'plaintiff-friendly' criticism - 1/31
+ Madison County asbestos docket feeds off intake firm referrals - 1/19
+ Torts conference set for Feb. 8 in Philly - 1/18
BROWSE BY STATE:
 
BROWSE BY AG:
 
BROWSE BY DATE:
 
NEWS WIDGET:
Attention bloggers:
Add Record Headlines to your site!


fast + free- click here
NEWS | CONTACT LEGALNEWSLINE | ABOUT US | ADVERTISE | RSS © 2008 LegalNewsLine.com. All Rights Reserved.