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  • WSJ: Mr. Spitzer's Allies -- Politicians and the trial bar share a common anti-business interest.

    11/15/2004 5:51:26 AM PST · by OESY · 2 replies · 729+ views
    Wall Street Journal ^ | November 15, 2004 | Editorial
    ...The Spitzer complaint also inspired a flood of new lawsuits within days of his going public, including a class action suit from the king of trial lawyers, Bill Lerach -- this one against insurers. Mr. Lerach's firm was rewarded for its pluck when Mr. Garamendi (who is himself eyeing the California governorship) hired it to pursue any state claims against the industry.... We want to be clear that we aren't alleging formal collusion among these parties. But regardless of motive and communication, there certainly is a clear community of interest at work: Trial lawyers target an industry; politicians later get...