Tuesday, May 11, 2010

legal vultures

Socialist Banner has previously reported on the Ivory Coast environmental disaster caused by the company Trafigura. Many of the victims managed to gain a share of £30million compensation for the health affects by the illegal dumping of toxic waste.

But it seems that the multimnational were not the only sharks . The lawyers ,Leigh Day and Co, who represented more than 30,000 victims , poor , uneducated citizens of the Cote d' Ivoire have claimed 105 million pounds legal costs including a £50 million success fee , £20 million more than the compensation reward. Not just that but they have failed to ensure that all the claimants received the money . Only 12,250 of them had cashed their cheques.

Civil litigation experts said that the costs were unusually high. "£105m is a very high figure – I don't think I've ever heard a higher one in over 25 years of practice," said David Greene, head of litigation at law firm Edwin Coe.

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