Ambac case lawyers, advisers get $18 million
Headline News
With more than $67 billion of its insurance coverage placed into a special receivership fund, Ambac Assurance Corp. is flirting with financial ruin. Yet at the same time, lawyers and consultants helping Wisconsin regulators navigate the complex case have collected nearly $18 million for their efforts.
And the meter is still running.
At the top of the billing list, state records show, is Foley & Lardner, the Milwaukee-based law firm with close ties to Gov. Jim Doyle. Employees of Foley have contributed $355,596 to Doyle's campaigns since 1999, more than any other group from one employer, according to data analyzed by the nonpartisan Wisconsin Democracy Campaign at the Journal Sentinel's request.
Foley, the state's largest law firm, has billed the state $6.6 million for its work on the Ambac case since it was hired in February 2008 - more than four times the next highest sum paid to an outside special counsel for one case since Doyle took office in 2003, according to the state attorney general's office.
Three Foley attorneys, including David Walsh, a longtime friend and major contributor to Doyle, have billed more than $1 million each for their Ambac work. Walsh and members of his family have contributed $64,520 to Doyle's campaigns since 1999, including $40,520 since 2003, topping the list of all individual contributors to Doyle, according to the Democracy Campaign, which analyzes campaign finance reports filed with the state.
Marc Marotta, a Doyle confidant who chaired his 2006 campaign and served on the governor's cabinet, is a Foley partner who has billed 24 hours on the Ambac case. State Insurance Commissioner Sean Dilweg, who hired Foley for the Ambac case, was a top aide to Marotta in the state Department of Administration before being named insurance commissioner in 2007.
Related listings
-
RICO law made to combat Mafia used in BP lawsuits
Headline News 07/19/2010Using a law originally enacted to combat the Mafia, attorneys are filing lawsuits accusing BP PLC and Transocean Ltd. of committing a longterm series of crimes by concealing flaws in deepwater drilling plans and lacking safeguards to contain a catast...
-
NH lawyer out $240,000 in scam targeting attorneys
Headline News 07/19/2010A New Hampshire lawyer is out $240,000 after falling prey to an international Internet scam, prosecutors said. The attorney general's office declined to identify the lawyer but said he is one of two lawyers in the state who were targeted in recent we...
-
$20 billion oil fund to begin payments in August
Headline News 07/16/2010The $20 billion that BP has set aside to pay for losses caused by the Gulf of Mexico oil spill will start making payments in early August.Ken Feinberg, who is in charge of paying individuals and businesses for lost income, told a meeting of governmen...
Victorville CA DUI defense Attorneys
The outcome of a DUI defense will have a long-term effect on anyone’s life, making the decision to receive legal representation an easy one. The fact is, most people accused of a DUI are first offenders with no criminal background. Whether this is your first run in with the law or you have had previous convictions, you are in need of a DUI defense attorney.
The charges you are facing for a DUI range from fines, a 12-month suspension on your license and worst-case scenario, prison time. Your attorney will be able to analyze your situation to decide the best way to go about your case.
Our attorneys know the tricky ways to challenge all of the DUI tests and know how to claim improper collection of evidence. We will be able to negotiate on your behalf and free you from charges and help you keep your drivers license. The DUI process can last up to several months, we can make this process easier on you. .