Taking A Stand Against Trial Lawyer Greed In Oklahoma
February 19, 2009
The Oklahoma House of Representatives took the first step toward reining in obscene trial lawyer fees by approving legislation to cap the trial bar’s rake at 33.3% on the first $1 million and 20% on the rest, a reduction from the current “limit” of 50%. That means a theoretical plaintiff winning a $5 million judgment or settlement would be awarded at least $3.8 – a wealth shift of about $1.4 million from trial lawyers to plaintiffs. If the bill passes the Senate, it will go to the people of Oklahoma for a vote.