law firms – LA Times: Biden son, brother invested with firm that lobbied him – Yahoo! News
General Add comments
LA Times: Biden son, brother invested with firm that lobbied him – Yahoo! News
The L.A. Times just popped a big story the Obama-Biden folks don't want to be reading the night the Delaware senator introduces himself to the nation: a potential conflict of interest involving Biden and one of the nation's biggest asbestos litigation law firms — which also happens to be his top contributor.
The report seems to provide fuel to Obama supporters enraged Illinois senator picked a running mate with such deep ties to the D.C. cash-politics-lobbying world.
Investigative reporters Chuck Neubauer and Tom Hamburger:
“When Joe Biden’s brother and son wanted to buy a hedge fund company two years ago, they turned for financing to a law firm that had lobbied the Delaware senator’s office on an important piece of business in Congress — and in fact had just benefited from his vote.
The firm promised James and Hunter Biden that it would invest $2 million, and quickly delivered half of it.
That deal eventually fell through and the money was returned. But it highlighted the close ties that Joe Biden and his family have developed with SimmonsCooper, an Illinois law firm that specializes in asbestos litigation — a multimillion-dollar line of business that was under threat in Congress.
In addition to providing financing for the hedge fund deal, SimmonsCooper picked the law firm of another of Biden’s sons, Beau, to work with it on dozens of asbestos cases in Delaware. 'It was only natural that we worked with my friend Beau Biden and his firm,' said Jeffrey Cooper, longtime former managing partner of SimmonsCooper.
And SimmonsCooper employees have donated about $200,000 to Biden’s campaign efforts since 2001, making the firm his No. 1 donor. All told, SimmonsCooper employees provided much more money to Biden than to any other senator during that period.”
If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…
May Day, May Day! Hogan/Lovells Deal Could Wrap By Spring – Law …
Washington, DC-based Hogan & Hartson and London-based Lovells announced today that their management committees unanimously support merging the two law firms.
EUROPA – Press Releases – Free movement of services: Commission …
IP/09/1625 Brussels, 29 October 2009 Free movement of services: Commission takes action against Bulgaria (law firms), Luxembourg (medical tests) and Austria (bank accounts) The European Commission has taken action to put an end to …
Harvard Prof. Ashish Nanda "Hire Lawyers Like Doctors" – The WTLA …
Firms make most of their new-associate offers to their summer interns. Thus, associate recruitment mostly happens at the intern-selection level. Summer internships operate as a bilateral matching market, in which law firms rank the …
Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.
Have a great day!
Mail this post
Recent Comments