Treasury risks overpaying law firms

Headline News

The Treasury Department paid out more than $27 million to law firms overseeing the financial bailouts without requiring detailed bills or questioning the incomplete records that the lawyers provided, a government watchdog says.

Treasury's "current contracts and fee bill review practices create an unacceptable risk that Treasury, and therefore the American taxpayer, is overpaying for legal services," the Special Inspector General for the Troubled Asset Relief Program said in a report issued Thursday.

Treasury could not have adequately gauged whether the fees were reasonable because the records are so sparse, the report says.

The report criticizes so-called "block billing," in which law firms submit "vague and inadequate descriptions of work, and administrative charges — all of which should have been questioned before payment," the report says.

Treasury staff failed to question the charges for work that was described vaguely, the report says.

Related listings

  • Wis. public court record access may be threatened

    Wis. public court record access may be threatened

    Headline News 04/10/2011

    Wisconsin court officials fear the court's data management system, including a popular site that allows anyone to easily look up the criminal records of friends and neighbors, could be on shaky ground if the governor's proposed budget breaks up its f...

  • 2 companies fined for violation of Mississippi no-call law

    2 companies fined for violation of Mississippi no-call law

    Headline News 04/06/2011

    Another crackdown Tuesday on violators of Mississippi's No Call Law. State regulators say they've fined Full Speed Funding, LLC of Phoenix and Gateway Destinations Incorporated of Pompano Beach, Florida $15,000 each.Public Service Commission member B...

  • Former justice Streit joins Des Moines law firm

    Former justice Streit joins Des Moines law firm

    Headline News 04/05/2011

    Former Iowa Supreme Court Justice Michael Streit has joined a Des Moines law firm. Ahlers & Cooney, P.C., announced Monday that Streit will join the firm's litigation, dispute resolution and investigations practice area. Streit was one of three I...

Is Now the Time to Really Call a Special Education Lawyer?

IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child.

Forte Law Group is one of only a very few law firms within the state of Connecticut that is dedicated to exclusively representing families and children with special needs.

Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer?” Here are a few things to consider when asking yourself that question.

Business News

St Peters, MO Professional License Attorney Attorney John Lynch has been the go-to choice for many professionals facing administrative sanction. >> read