A few months ago came another report of one of us supposedly stealing money. That’s not really news. In fact, it used to happen so frequently that when I was prosecuting these cases I had trouble keeping track of who had (allegedly) stolen what. The difference is that this time, the accused is the late Bill Gallagher, a New Haven lawyer and dean of the bar who died on Christmas day after a long illness.
If reports are true, there is about $1.5 million gone. Mercifully, the money was apparently stolen from reimbursements due to medical providers, insurance companies and the state, all of which had been held from clients’ settlements, and not from clients. It appears that the client security fund may cover the losses, but the whole thing takes the wind out of your sails. When the bad actor has little redeeming value, he is easy to condemn. When the guy was not only a friend but the “last person anyone would suspect” (to quote just about everyone who speaks of the matter) it’s a different thing entirely.
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