Increasing Scrutiny Of Gov't Contingent Fee Deals

Law360, New York (November 1, 2010, 12:34 PM EDT) -- State attorneys general, state departments of insurance and other units of state government, and municipalities often enter into contingent fee agreements with private law firms to litigate their biggest and most complex claims.

The multistate tobacco industry litigation, Louisiana’s litigation against insurers in the wake of Hurricane Katrina, the Average Wholesale Price litigation by several states against the pharmaceutical industry, the Ohio Attorney General’s securities litigation against AIG, and Rhode Island’s and the California municipalities’ litigation against the lead paint industry are prominent examples.

The proliferation...
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