| Breast implant lawyer ordered to refund $35 million |
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| Wednesday, 25 July 2007 | |
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"Quite simply, if O'Quinn is allowed to improperly withhold client funds with impunity, other lawyers may believe that they can do likewise. Such a result would destroy the very integrity of the special and unique relationship that exists between attorney and client," O'Quinn responded that the decision was unfair and illogical. ``I didn't cheat anybody,'' O'Quinn said. ``We got people record results and charged the least expenses of any law firm in town.'' In addition to the excess charges of $10.7 million, he must pay a $25 million penalty for breaking his contract with his clients. He will be asked to pay the legal costs of the women, estimated at $2m, and interest on the settlement, which could be more than $21 million. O'Quinn's lawyer Billy Shepherd said that they plan to appeal the decision. O'Quinn had deducted an extra 1.5% of all the settlements to pay for such items as professional association dues, flowers, fundraising, other lawyer's fees, and his overheads, even though he had already deducted 40% of the settlement for his fee, estimated at more than $260 million. This decision against O'Quinn is far less than the lawyer's total fees for all these clients, which was estimated in the lawsuit to be around $580 million but which the three arbitrators placed at about $263.4 million O'Quinn has made millions in breast implant, tobacco and other mass tort litigation. More recently he was in the news for representing Anna Nicole Smith's mother and getting involved in a dispute with the dead woman's lawyer companion. |
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