A Kentucky judge has ordered three attorneys to place nearly $20 million in a trust for about 400 plaintiffs following settlement of a claim over the diet drug fen-phen. The lawyers had held the money in a nonprofit fund they set up and controlled following the $200 million settlement. Several clients had raised questions and sued in 2004 for an accounting. Earlier this year, the judge ruled the lawyers violated their fiduciary duties by keeping more than half the total proceeds for themselves.
October 18, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
About 400 people should receive nearly $20 million held in a controversial fund controlled by three Lexington, Ky., lawyers in a lawsuit over the diet drug fen-phen, a judge has ruled.
Special Judge William Wehr last week ordered that funds from the Kentucky Fund for Healthy Living, which was set up using money from a $200 million settlement in Boone Circuit Court, be placed in a trust for the lawsuits’ plaintiffs, all of whom said they suffered medical problems because they took the diet drug.
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