Plaintiffs lawyers in the 9/11 respiratory cases cannot pass on to clients some $6.1 million in interest costs associated with financing the massive litigation, a New York federal judge ruled Friday. Even though the lead lawyer marshaled opinions by bar associations, court cases and experts to show that borrowing to finance litigation and passing the cost to clients is both legal and ethical, the judge said he would not allow it. "I'm not saying it was unethical. ... What you're getting is too much," he said.
August 30, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Plaintiffs lawyers in the 9/11 respiratory cases cannot pass on to clients some $6.1 million in interest costs associated with financing the massive litigation, Southern District Judge Alvin K. Hellerstein ruled Friday.
Even though lead lawyer Paul Napoli marshaled opinions by bar associations, court cases and experts to show that borrowing to finance litigation and passing the cost to clients is both legal and ethical, Hellerstein said he would not allow it.
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