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Republican Sens. Jon Kyl and John Cornyn have asked the Senate to apply a tax code provision drafted after the collapse of televangelists Jim and Tammy Faye Bakker's empire to limit contingency fees earned by lawyers in suits resulting in settlements or judgments of $100 million or more. Kyl called it "the tobacco-tax lawyers' amendment." While that bid failed last week, the idea is still very much alive.
May 19, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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