Word: jamail
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When lawyers in the Pennzoil-Texaco multibillion-dollar battle turned to the Texas Supreme Court, they were not approaching strangers. Since 1980 Houston Attorney Joseph Jamail and his firm, Pennzoil's victorious counsel, doled out $248,000 in campaign contributions to the justices. As for Russell McMains, Texaco's chief appellate lawyer in Texas, he has donated some $40,000 to members of the high bench, and his former Corpus Christi firm gave $150,000 more. Such cozy bench-polishing tactics are not illegal, since Texas is one of only nine states where virtually all judges are chosen in partisan...
...also pushing an appointive system, though only for the nine-member high court. "Texans have lost faith in their judicial system," he says. Clements charges that the court's popularly elected justices -- all Democrats -- have developed a "pro-plaintiff tilt" that encourages "virtually limitless judgments" and scares businesses away. Jamail, the state's king of torts, half concedes the point. "What kind of an ass would I be," he says, "if I didn't try to give back something that promotes the plaintiff's philosophy...
...billion figure. The settlement will remove the dark cloud of uncertainty that has hovered over Texaco and enable it to emerge from bankruptcy. As for Pennzoil, the money may encourage the company to go shopping for smaller oil firms. The biggest winner of all may be Texas Lawyer Joseph Jamail, who will reportedly get a $600 million cut for leading Pennzoil's attack against Texaco...
...legion of advisers and secretaries, arrived in Houston on Monday night for their confrontation with Pennzoil. They settled into Lamar Towers, a posh condominium development. On Tuesday afternoon at 1, Liedtke arrived with his corporate and legal staff, including former Pennzoil President Baine Kerr and Lead Attorney Jamail...
...argued the matter over coffee and soft drinks, they began to discuss the possibility of a comprehensive settlement that would end the legal battle altogether, according to sources close to Texaco. After the meeting broke up, Kinnear sent another proposal to Liedtke. His response: No deal. In the meantime, Jamail was telling the press that no discussions about a final settlement were being held. Texaco accused Jamail of making misleading statements about the talks, perhaps to spook Texaco's creditors and put a squeeze on the company...