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(New York) Assembly Speaker Sheldon Silver's firm gets cut of 9/11-suit payouts
NY Post ^ | August 22, 2010 | JOSEPH GOLDSTEIN and SUSAN EDELMAN

Posted on 08/22/2010 1:30:14 PM PDT by lowbridge

Assembly Speaker Sheldon Silver has spun the 9/11 lawsuits into gold.

Ground Zero workers are on the hook to pay steep interest on money their lawyers borrowed from a group of investors that include Silver and his law partners, The Post has learned.

Silver's partners at the Weitz & Luxenberg law firm are top board members of a business that quietly loaned money at 18 percent a year to the law firm representing some 9,800 Ground Zero workers with toxic-illness suits against the city.

Silver personally invested an undisclosed sum -- but at least $50,000 -- in Counsel Financial Services, a Buffalo-based attorney-funding company that gives four-year loans and lines of credit up to $10 million to law firms with cases expected to hit the jackpot.

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; News/Current Events; US: New York
KEYWORDS: 911; counselfinancial; groundzero; lawsuits; newyork; ny; nyc; sheldonsilver; silver; weitzluxenberg

1 posted on 08/22/2010 1:30:19 PM PDT by lowbridge
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To: lowbridge

bump


2 posted on 08/22/2010 2:00:56 PM PDT by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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To: neverdem

Blame the osteopaths ping.

Or maybe that’s the Ostrogoths.

Some kind of plunderers.


3 posted on 08/22/2010 2:07:00 PM PDT by decimon
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To: lowbridge

Disgusting.


4 posted on 08/22/2010 2:41:06 PM PDT by FreeStateYank (I want my country and constitution back, now!)
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To: lowbridge

bump


5 posted on 01/22/2015 7:41:22 AM PST by piasa (Attitude adjustments offered here free of charge)
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