"Tort Lawyers and Attorneys General: A Corruptible Combination"

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February 09, 2018

A RealClearMarkets commentary said the “gambit” of private plaintiffs’ attorneys who sue on behalf of state and local governments “appears to be backfiring.”

Specifically, Jeff Patch pointed to the states and local municipalities that have sued energy companies for contributing to climate change. Despite saying these companies have threatened the safety of the cities and towns, the same municipalities did not disclose the threats in their bond offerings. These actions, and others by government-sanctioned plaintiffs’ attorneys, “present many possibilities for corruption.” 

State and local government contracts with private attorneys come with an “insurmountable conflict,” since these attorneys are “trying to maximize their personal interests” while “supposedly acting for the public good.” In this case, he said, taxpayers may “have to ante up.”