Tuesday, November 29, 2005

Un-Freaking-Believable!!!

Ever wonder where all that settlement money from the Vioxx and Phen-Phen cases ends up?

Apparenty, not enough of it made its way into the hands of a local well-known attorney, who borrowed $10.5 million to finish his $14.9 million estate, then defaulted on the loan payments.
The Web site also describes the seven-bedroom, 13-bathroom home as a "pure work of art" that includes a "gourmet kitchen, ballroom, salon, carved in gold leaf detail, mosaic marble, original stain glass, antique billiard bar, as well as a stream with a covered bridge, amphitheater, pool with formal balustrading, granite stone pathways, barn, loft and greenhouse."
And here is an aerial photo, just in case you were wondering what a cool 15 mil gets you these days:
attorney's estate

Can anyone say Greed?

I understand what goes into a person becoming a lawyer. There are hundreds of hours of classes, lectures and studying, piles of textbooks, mountains of research, and many, many thousands of dollars that go into paying for that education.

That having been said, I cannot find any justification for the legal fees that some of these lawyers extract from these drug company cases. The attorneys are not the ones suffering from heart defects, or strokes, or the cost of looming medical care for these conditions, and yet they're getting paid a king's ransom for knowing the right words to say in front of a judge and jury.

There are good lawyers out there. I know several personally. But I cannot understand the greed that propels people to extremes like Mr. Mansion here in Utah. And maybe that's a good thing.

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