“Prominent Arkansas Lawyer Probed Over Missing $9 Million”

“Prominent Arkansas plaintiffs’ lawyer Gene Cauley has landed in some hot water due to his apparent inability to produce more than $9 million in settlement money he was overseeing for clients, according to federal court records.” His lawyer, John Wesley Hall, told Judge Jed Rakoff at a hearing “that the missing settlement funds ‘are presently unavailable,’ but Hall declined to elaborate, citing Cauley’s privilege against self-incrimination.” He says, however, that Cauley is working to “find the money and pay it in 90 days” and expects to “make everyone 100% whole”. [WSJ Law Blog].

4 Comments

  • “Well, Your Honor, I was reading this website and it described a sure fire way to win at roulette.”

  • Worse, he received some email from a Nigerian prince.

  • ‘…. is working to “find the money and pay it in 90 days” and expects to “make everyone 100% whole”’

    And in other news, the distinguished attorney will cure cancer, bring peace on earth, and end world poverty by mid-June.

  • […] in settlement funds he was supposed to be holding as their escrow agent.” [ABA Journal, earlier] According to a report dated February (PDF) from the ABA’s Center for Professional […]