In Federal court last week in Manhattan, a jury found the longtime speaker of the New York Assembly, Sheldon Silver, guilty of all charges in a federal corruption trial.
The former speaker is convicted of steering $500,000 in taxpayer funds to a cancer researcher. That doctor, in turn, referred mesothelioma patients with potentially large legal claims to the plaintiffs firm of Weitz & Luxenberg, which kicked back a portion of its fees to the speaker — to the tune of $3 million. All very cozy.
In a post earlier this year, I wrote about my hope that the high-profile case would shine a spotlight on New York’s rigged Asbestos Litigation system and lead to a cleanup of the asbestos docket there. Silver’s conviction is certainly a step in the right direction, though New York continues to be a very high-risk jurisdiction for a defendant to try a case. I hope that these kind of cozy relationships between the political class and plaintiffs bar will continue to receive the disinfecting light of scrutiny in the New Year.
Never miss a post. Get Risky Business tips and insights delivered right to your inbox.
Almost time...stop by Table 43 and say hi! pic.twitter.com/pGDTSZLx7X
Didn't catch our webinar on our Bankruptcy Evidence Verification (BEV) tool? Here's a recap. Learn why we created o… https://t.co/NpQElYHPhn
Our data shows that mesothelioma filings seem to be trending down, albeit very slowly. However, many asbestos defen… https://t.co/eQk3dWVYQU
You have thousands of cases and many stakeholders needing to access, update, share, and store the same data. That's… https://t.co/02vBnt0p6u
Last Feb., we wrote about the Maryland asbestos docket and how a recent case that ruled proper application of the S… https://t.co/2Nh7CvabA4
We wish everyone a safe and joyful holiday season! pic.twitter.com/Z79A5DRusD
Jonathan Terrell is the Founder and President of KCIC. He has more than 30 years of international financial services experience with a multi-disciplinary background in accounting, finance and insurance. Prior to founding KCIC in 2002, he worked at Zurich Financial Services, JP Morgan, and PriceWaterhouseCoopers.Learn More About Jonathan