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"Charities reaping lawsuit dividends"



A lengthy piece by Ameet Sachdev in yesterday's Chicago Tribune grants me a soundbite:

"This is a very inefficient way to get Pfizer to donate money to charity," said Ted Frank, a resident fellow at the American Enterprise Institute, a conservative think tank. "The lawyers got $20 million to give $20 million to charity. That's a pretty big commission."

I've written at length about the problems of cy pres, as has Walter.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.