A long-running saga that began with allegations of French banks secretively, and illegally, buying a California insurer has devolved into a battle over millions of dollars because of shifting -- and questionable -- fee-splitting deals between Thelen Reid Brown Raysman & Steiner and the informant it once represented. At issue is $54 million that the law firm was paid for its work in a case that wrought a $715 million payout from a consortium of French bankers. The showdown trial is scheduled for this summer.
January 25, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Secrets, lies and betrayal are the heart of any good story.
Add an itinerant Frenchman with dark secrets and a powerful American law firm — first fighting together to expose millions of dollars in fraud, now locked in bitter battle of money and ethics themselves — and you’ve got an epic.
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