- Personal Injury Law Firm Is Reportedly Making Layoffs After Reversal in Once-Winning $43M Case
Business of Law
Personal Injury Law Firm Is Reportedly Making Layoffs After Reversal in Once-Winning $43M Case
Posted Nov 22, 2011 7:28 PM CDT
By Martha Neil
A downstate Illinois law firm reportedly has made "significant" employee layoffs, according to a local government official, after the reversal by the state supreme court several months ago of a $43 million verdict in a case against Ford Motor Co.
Firm founder Tom Lakin has been disbarred and is in federal prison in Texas, where he is expected to serve another year before being released. And name partner Charles Chapman, a retired appellate judge, died earlier this year at age 69.
The article says that law firm attorneys contacted by the newspaper did not respond to requests for comment.
ABAJournal.com: "Once a Jet-Setter, Disbarred Ill. Trial Lawyer Serving Time in Coke Case Takes Plea in Teen Sex Case"