The private plaintiffs lawyers who represented Texas in its $17.3 billion settlement with the tobacco industry voted to drop their claim to a 15 percent contingent-fee contract with the state, their lawyer announced Nov. 19.
According to a motion filed with U.S. District Judge David Folsom in Texarkana, the five main tobacco lawyers — John O’Quinn, Walter Umphrey, Wayne Reaud, John Eddie Williams and Harold Nix — and their hired consultant, Ness, Motley, Loadholt, Richardson & Poole of South Carolina, voted 5-1 in favor of dropping the right to enforce the contract. The motion did not identify the dissenting lawyer.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]