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Petro joins legal firm tied to deals he oversaw
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Candidate
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| Contributor | Thomas Walker |
| Last Edited | Thomas Walker Jan 24, 2007 09:47am |
| Category | News |
| News Date | Jan 24, 2007 09:00am |
| Description | Former Ohio Attorney General Jim Petro has taken a job at a law firm with which he brokered four potentially lucrative contracts as the state’s top lawyer.
Petro is joining two of his former deputy attorneys general in the new Columbus office of Waite, Schneider, Bayless & Chesley, the Cincinnatibased firm announced yesterday.
As attorney general, Petro gave the firm plum legal contracts representing state retirement systems that claimed investment fraud by mortgage lenders and another deal for the Department of Job and Family Services and other state agencies that alleged price-gouging by drug companies.
While most state legal contracts are billed by the hour, Waite, Schneider, Bayless & Chesley gets a percentage of settlements in cases for the state. In the one case already settled, against the Federal Home Loan Mortgage Corp., the law firm is entitled to 15 percent to 20 percent of the $4.65 million settlement. |
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