The American Lawyer 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 asbestos mess in front of them; and (2) why haven’t there been numerous indictments?
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