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Politics : Stockman Scott's Political Debate Porch
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To: stockman_scott who wrote (21192)6/28/2003 1:22:29 AM
From: Cactus Jack  Read Replies (3) of 89467
 
Scott,

And such fees: In one negotiating session last year, attorneys in the separate shareholders' case lost patience with what they regarded as foot-dragging by attorneys for the creditors. The shareholders' lawyers don't get paid unless their lawsuit against Enron executives and its bankers succeeds. But the creditors' lawyers fees are accumulating at $600 an hour, like clockwork, protested shareholders' lawyer William S. Lerach, according to several participants.

Luc A. Despins, co-head of the bankruptcy practice at Milbank, Tweed, Hadley & McCloy, lead attorneys for the creditors, corrected him: "It's $725 an hour." Despins confirms that is his fee, but said he didn't remember the exchange.

Nonsense. Any lawyer that had the opportunity like that to openly taunt Bill Lerach without repurcussion would never forget "the exchange". <NG>

Enron takes the cake for complexity, no doubt.

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