12.06.2007

Dirty, Unsexy Money


I'd never heard of Richard "Dickie" Scruggs. But I quickly learned today that he is an old school plaintiffs lawyer from Mississippi who got rich back in the day by suing everybody for everything. He made almost half a billion dollars by being a contract lawyer for state governments in the big Tobacco Settlements in the 1990s (never before have so few gotten so rich because of political connections - an embarrassment of riches.)

So I already don't like the guy.

But then I learned he was federally indicted last month for allegedly trying to bribe a judge with $40,000 for a favorable ruling in a lawsuit involving Katrina victims and insurance companies. Actually, the lawsuit involved a bunch of lawyers fighting over $26 million in attorneys fees that had already been awarded. Sheesh.

Yesterday, the lawyer that delivered the money to the judge, Tim Balducci, pled guilty to the charge and will cooperate with the Feds.

Dickie, things are about to get tough for you. You might want to ask former Texas AG Dan Morales what to expect.

And, I'll be, he's Trent Lott's brother-in-law.