Posts Tagged ‘whistleblowers’

Bradley Birkenfeld’s $104 million bounty

By ratting on his employer and clients, the UBS informant greatly advanced Washington’s project of preventing Americans from squirreling assets out of reach of the U.S. tax and legal systems. So it’s no surprise that few in the federal establishment — even among longtime critics of what they deem excessive executive compensation — begrudge him the whopping payout. Among his defenders, of course, is Iowa Republican Sen. Charles Grassley, patron of the whistleblower program: “Need we add that Mr. Grassley’s longtime aide, who actually drafted the whistleblower law, now represents Mr. Birkenfeld and stands to collect an interesting percentage of the award Mr. Grassley so obligingly applauds? If one were rich, if one had a sense of history, one might well wish to move a part of one’s nest egg out of the way of Mr. Grassley and his ilk.” [Holman Jenkins, WSJ]

“Judge Slaps Motley Rice With Fees Over ‘Frivolous’ Lawsuit”

“A federal judge in Indiana ordered lawyers including the prominent firm of Motley Rice to pay ITT Educational Services almost $400,000 in legal fees for pursuing a ‘frivolous’ lawsuit the judge said was ‘based on a completely false story.'” In line with the reluctance of American judges to award Rule 11 sanctions, the judge awarded only a small fraction of the defendant’s actual outlay in attorney’s fees, which ran into many millions. Motley Rice is a chief beneficiary of the ongoing income stream of the tobacco litigation fees, which return $500 million a year to an assortment of plaintiff’s firms. [Dan Fisher, Forbes]

November 16 roundup

  • Sure, let’s subvert sound mortgage accounting in the name of energy efficiency. What could go wrong? [Mark Calabria, Kevin Funnell]
  • California: fireworks shows are “development” and coastal commission can ban ’em [Laer Pearce, Daily Caller]
  • Trial lawyers’ lobbyist: I got Cuomo to bash Chevron in Ecuador case [John Schwartz, NYT]
  • Politics of intimidation: “jobs bill” advocates occupy office of Sen. Minority Leader McConnell (R-Ky.) [ABC News] Union protesters invade Sotheby’s during big auction [NYObserver] “Occupy Denver protesters try to storm conference of conservative bloggers” [Denver Post] “What’s the matter with Oakland?” [Megan McArdle] Post-’08 downturn, not wealth of the few, at root of economic woes [Steve Chapman] “Bohm-Bawerk forget to include [Ms. Katchpole] in his commentaries on sundry theories of interest.” [Tyler Cowen]
  • New breakthroughs in abundant energy aren’t welcome to some [NYT “Room for Debate”] Is GOP wrong to make EPA an issue? [Michael Barone]
  • After extracting $450,000 settlement, employee admits falsifying whistleblower evidence in oil filter antitrust case; class action suits continue [Bloomberg, Abby Schachter/NYPost via PoL]
  • Least surprising Washington-DC-datelined story of year: “Medical malpractice reform efforts stalled” [Politico]

November 11 roundup

June 2 roundup

  • “Italian Seismologists Charged With Manslaughter for Not Predicting 2009 Quake” [Fox, earlier]
  • “With context in place, it appears the WHO isn’t saying cell phones are dangerous” [BoingBoing, Atlantic Wire, Orac]
  • Wrongful convictions and how they happen — new book “Convicting the Innocent” by Brandon Garrett [Jeff Rosen, NY Times]
  • SEC to Dodd-Frank whistleblowers: no need to go through company’s internal complaint route [D&O Diary, WSJ Law Blog]
  • “British Press Laws Facing Twitter Challenge” [AW]
  • Despite legislated damages cap, jackpot awards continue in Mississippi [Jackson Clarion-Ledger] More problems with that $322 million Mississippi asbestosis verdict [PoL, earlier]
  • Golf club erects large net to comply with legal demands to prevent escape of errant balls, is promptly sued by neighbors who consider net too ugly [five years ago on Overlawyered]

January 12 roundup