Posted by David Bernstein: Fen-Phen Fiasco: The American Lawyer [1]has a remarkable account of the Fen-Phen settlement fiasco, which foundered on a flood of apparently fraudulent claims by plaintiffs, acting in concert with hired-gun physicians, some of the latter of whom, contrary to professional ethics, worked on contingency fees. After reading the piece, I was left with two questions: (1) how could the attorneys involved in setting up the settlement fund have assumed that only honest and valid claims would be forthcoming, when they had the example of the [2]asbestos mess in front of them; and (2) why haven't there been numerous indictments?
For more coverage of fen-phen, click on [3]this link to Overlawyered.com. References 1. http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1109128224002 2. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=521082 3. http://www.overlawyered.com/cgi-local/mt/mt-search.cgi?IncludeBlogs=1&search=fen-phen _______________________________________________ Volokh mailing list Volokh@lists.powerblogs.com http://highsorcery.com/cgi-bin/mailman/listinfo/volokh
