Trial lawyers profitable investment in AG races
James Copeland:
I find it interesting that liberal papers like the NY Times have a problem with elected judges taking campaign contributions from lawyers, but show little concern about the bargain struct by the trial lawyers and the AGs. I thought the purpose of having an AG staff is to have them try the cases on behalf of the state.
America's plaintiffs' bar, which we at the Manhattan Institute have dubbed Trial Lawyers, Inc., has found a new cash cow in state-sponsored litigation parceled out by the nation's state attorneys general.There is more.Most state AGs are dependent on campaign cash -- 43 of the 50 states elect their attorneys general -- and they have increasingly turned to trial attorneys who profit handsomely by suing for the states.The funder list for the Democratic Attorneys General Association, which has spent more than $6 million in each of the last two election cycles, reads like a who's who for Trial Lawyers, Inc.The biggest donors to DAGA have included securities class-action firms Bernstein Litowitz Berger & Grossmann and Labaton Sucharow & Rudoff, as well as, in the 2008 election cycle, the former law firms of Mississippians Dickie Scruggs and Joey Langston, who funneled hundreds of thousands to help re-elect their state's attorney general, Jim Hood, before the two private attorneys were disbarred and imprisoned on federal charges stemming from an attempt to bribe a judge.Despite the oversize role played by DAGA, the relationship between state AGs and the trial bar is hardly a partisan affair and includes numerous Republican state AGs. For example, Utah's Mark Shurtleff entered into a contract with the Steele & Biggs firm to sue Eli Lilly over its drug Zyprexa after the firm had given $58,000 to his campaign; the firm netted $4 million representing the state in that litigation.Another Republican, former Alabama Attorney General Troy King, hired the Beasley Allen firm to sue 73 pharmaceutical companies over Medicaid reimbursements; the firm netted millions in state lawsuits after pumping $760,000 into political action committees that spent $240,000 to support King's campaign....
I find it interesting that liberal papers like the NY Times have a problem with elected judges taking campaign contributions from lawyers, but show little concern about the bargain struct by the trial lawyers and the AGs. I thought the purpose of having an AG staff is to have them try the cases on behalf of the state.
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