Steve Lombardi on the EO banning the Feds from using contingency-fee attorneys
Steve Lombardi at the Des Moines Injury Board wrote a nice explanation of why Bush's recent EO is robbing from the poor to give to the rich.
So why would anyone propose an outright ban on contingent fee arrangements? There are many reasons but two of them should be obvious. One reason is to benefit corporations and the officers who might get sued for trampling on the rights of the poor and working class. Those who don't want the poor and working class to have access to the courthouse will attack and continue to malign those of us who use the contingent fee to gain access to the courthouse. Another reason is motivated by profit. Business managers whose actions have led to lawsuits will profit handsomely by avoiding accountability for their actions. Contingent fees interfere with a corporation's bottom line. Take it away and you increase the bottom line. To do so they need only take your keys away to the courthouse...
And what about corporate America and the federal government's policy banning pay based upon performance? Will the President ban the granting of stock options for corporate officers and directors based on the contingent outcome of the stock price? Probably not because last I knew corporate officers and directors get a contingent fee based on winning or losing. Now there is a practice that the President should ban. Or is that silver spoon interfering with your vision?
Source: Banning Contingent Fees - It's about Pure Gold and Fools Gold - Des Moines Personal Injury Lawyer
Check it out.
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