The King of Torts (36 page)

“Yes.”

“Did you own any stock in the company before you filed the lawsuit?”

“No.”

“Did you sell the stock short, then buy it back at a lower price?”

Of course he had, at the suggestion of his good
friend Pace. They knew the answer to the question. They had the data from the transactions, he was sure of that. Since their first visit, he had thoroughly researched securities fraud and insider trading. He was in a gray area, a very pale one, in his opinion, not a good place to be but far from guilty. In retrospect, he should not have dealt in the stock. He wished a thousand times he had not.

“Am I under investigation for something?” he asked.

Spooner started nodding before Lohse said, “Yes.”

“Then this meeting is over. My attorney will be in touch with you.” Clay was on his feet, headed for the door.

   CHAPTER 34   

For the next meeting of the Dyloft Plaintiffs’ Steering Committee, Defendant Patton French chose a hotel in downtown Atlanta, where he was participating in one of his many seminars on how to get rich stalking drug companies. It was an emergency meeting.

French, of course, had the Presidential Suite, a gaudy collection of wasted space on the hotel’s top floor, and there they met. It was an unusual meeting in that there was no comparing notes about the latest luxury car or ranch, none of that. Nor did any of the five care to boast about recent trial victories. Things were tense from the moment Clay entered the suite, and they never improved. The rich boys were scared.

And with good reason. Carlos Hernández from Miami knew of seven of his Dyloft Group One plaintiffs who were now suffering from malignant kidney tumors. They had joined the class action and were now
represented by Helen Warshaw. “They’re popping up everywhere,” he said, frantically. He looked as if he hadn’t slept in days. In fact, all five looked beaten and weary.

“She’s a ruthless bitch,” Wes Saulsberry said, and the others nodded in agreement. Evidently, the legend of Ms. Warshaw was widely known. Someone had forgotten to tell Clay. Wes had four former clients now suing him. Damon Didier had three. French had five.

Clay was mightily relieved to have only one, but such relief was temporary. “Actually, you have seven,” French said, and handed over a printout with Clay’s name at the top and a list of ex-clients/now plaintiffs under it.

“I’m told by Wicks at Ackerman that we can expect the list to grow,” French said.

“What’s their mood?” Wes asked.

“Total shock. Their drug is killing people right and left. Philo wishes they’d never heard of Ackerman Labs.”

“I’m with them,” Didier said, shooting a nasty look at Clay, as if to say, “It’s all your fault.”

Clay looked back at the seven names on his list. Other than Ted Worley, he did not recognize any of them. Kansas, South Dakota, Maine, two from Oregon, Georgia, Maryland. How did he come to represent these people? A ridiculous way to practice law—suing and settling for people he’d never met! And now they were suing him!

“Is it safe to assume that the medical evidence is substantial here?” Wes was asking. “I mean, is there room
to fight, to try and prove that this recurring cancer is not related to Dyloft. If so, it gets us off the hook, and Ackerman as well. I don’t like being in bed with clowns, but that’s where we are.”

“Nope! We’re screwed,” French said. At times he could be so blunt it was painful. No sense wasting time. “Wicks tells me that the drug is more dangerous than a bullet to the head. Their own research people are leaving because of this. Careers are being ruined. The company might not survive.”

“You mean Philo?”

“Yes, when Philo bought Ackerman they thought they had a handle on the Dyloft mess. It now looks as if Groups Two and Three will be much larger and much more expensive. They’re scrambling.”

“Aren’t we all?” Carlos mumbled, then he too looked at Clay as if a bullet to the head might be in order.

“If we are liable, then there’s no way we can defend these cases,” Wes said, stating the obvious.

“We have to negotiate,” Didier said. “We’re talking survival here.”

“How much is a case worth?” Clay asked, his voice still working.

“In front of a jury, two million to ten million, depending on the punitives,” French said.

“That’s low,” said Carlos.

“No jury will see my face in court,” Didier said. “Not with this set of facts.”

“The average plaintiff is sixty-eight and retired,” Wes said. “So, economically, the damages are not great when the plaintiff dies. Pain and suffering will up the
tally. But in a vacuum, you could settle these cases for a million each.”

“This ain’t no vacuum,” Didier snapped.

“No kidding,” Wes snapped right back. “But throw in such beautiful defendants as a bunch of greedy mass tort lawyers, and the value goes through the roof.”

“I’d rather have the plaintiff’s side than mine,” Carlos said, rubbing his tired eyes.

Clay noticed that not a single drop of alcohol was being consumed; just coffee and water. He desperately wanted one of French’s vodka remedies.

“We’re probably going to lose our class action,” French said. “Everybody who’s still in is trying to get out. As you know, very few of the Group Two and Three plaintiffs have settled, and, for obvious reasons, they want no part of this lawsuit. I know of at least five groups of lawyers ready to ask the court to dissolve our class and kick us out. Can’t really blame them.”

“We can fight them,” Wes said. “We got fees out there. And we’re gonna need them.”

Nonetheless they were not in the mood to fight, at least not then. Regardless of how much money they claimed to have, each was worried, but at different levels. Clay did most of the listening, and he became intrigued by how the other four were reacting. Patton French probably had more money than anyone there, and he seemed confident he could withstand the financial pressures of the lawsuit. Same for Wes, who had earned $500 million from the tobacco scam. Carlos was cocky at times, but then he couldn’t stop fidgeting. It was the hard-faced Didier who was terrified.

They all had more money than Clay, and Clay had more Dyloft cases than any of them. He didn’t like the math.

He picked the number of $3 million as a possibility for settlement. If his list stopped with seven names, then he could handle a hit in the $20 million range. But if the list kept growing …

Clay brought up the topic of insurance, and was shocked to learn that none of the four had any. They had all been terminated years earlier. Very few carriers of legal malpractice would touch a mass tort lawyer. Dyloft was a perfect example of why not.

“Be thankful you’ve got the ten million,” Wes said. “That’s money that won’t come out of your pocket.”

The meeting was nothing more than a bitch-and-cry session. They wanted the company of each other’s misery, but only briefly. They agreed on a very general plan to meet with Ms. Warshaw at some undetermined point in the future and delicately explore the possibility of negotiation. She was making it well known that she did not want to settle. She wanted trials—big, tawdry, sensational spectacles in which the current and past Kings of Torts would be hauled in and stripped naked before the juries.

Clay killed an afternoon and night in Atlanta, where no one knew him.

__________

DURING HIS years at OPD, Clay had conducted hundreds of initial interviews, almost all at the jail. They usually started slow, with the defendant, who was
almost always black, uncertain about how much he should say to his white lawyer. The background information thawed things somewhat, but the facts and details and truth about the alleged crime were rarely given during the first meeting.

It was ironic that Clay, the white defendant now, was nervously walking into his own initial interview with his black defense lawyer. And at $750 an hour, Zack Battle had better be prepared to listen fast. No ducking and weaving and shadowboxing at that rate. Battle would get the truth, as fast as he could write it down.

But Battle wanted to gossip. He and Jarrett had been drinking buddies years earlier, long before Battle sobered up and became the biggest criminal lawyer in D.C. Oh, the stories he could tell about Jarrett Carter.

Not at $750 an hour, Clay wanted to say. Turn the damned clock off and we’ll chat forever.

Battle’s office faced Lafayette Park, with the White House in the background. He and Jarrett got drunk one night and decided to drink some beer with the winos and homeless folks out in the park. Cops sneaked up on them, thought they were perverts out looking for action. Both got arrested and it took every favor in the bank to keep it out of the newspapers. Clay laughed because he was supposed to.

Battle gave up booze for pipe tobacco, and his cluttered and dirty office reeked of stale smoke. How is your father? he wanted to know. Clay, quickly, painted a generous and almost romantic picture of Jarrett sailing the world.

When they finally got around to it, Clay told the
Dyloft story, beginning with Max Pace and ending with the FBI. He did not talk about Tarvan, but he would if it became necessary. Oddly, Battle took no notes. He just listened, frowning and smoking his pipe, gazing off occasionally in deep reflection, but never betraying what he thought.

“This stolen research that Max Pace had,” he said, then a pause, then a puff. “Did you have it in your possession when you sold the stock and filed suit?”

“Of course. I had to know that I could prove liability against Ackerman if we went to trial.”

“Then it’s insider trading. You’re guilty. Five years in the slammer. Tell me, though, how the Feds can prove it.”

When his heart began pumping again, Clay said, “Max Pace can tell them, I guess.”

“Who else has the research?”

“Patton French, maybe one or two of the other guys.”

“Does Patton French know that you had this information before you filed suit?”

“I don’t know. I never told him when I got it.”

“So this Max Pace character is the only person who can nail you.”

The history was pretty clear. Clay had prepared the Dyloft class action but was unwilling to file it unless Pace could produce enough evidence. They had argued several times. Pace walked in one day with two thick briefcases filled with papers and files and said, “There it is, and you didn’t get it from me.” He left immediately. Clay reviewed the materials, then asked a college friend
to evaluate their reliability. The friend was a prominent doctor in Baltimore.

“Can this doctor be trusted?” Battle asked.

Before he could say anything, Battle helped him with the answer. “Here’s the bottom line, Clay. If the Feds don’t know you had this secret research when you sold the stock short, they can’t get you for insider trading. They have the records of the stock transactions, but those alone are not enough. They have to prove you had knowledge.”

“Should I talk to my friend in Baltimore?”

“No. If the Feds know about him, he might be wired. Then you go to prison for seven years instead of five.”

“Would you please stop saying that?”

“And if the Feds don’t know about him, then you might inadvertently lead them to him. They’re probably watching you. They might tap your phones. I’d ditch the research. Purge my files, just in case they walk in with a subpoena. And I’d also do a lot of praying that Max Pace is either dead or hiding in Europe.”

“Anything else?” Clay asked, ready to start praying.

“Go see Patton French, make sure the research cannot be traced to you. From the looks of things, this Dyloft litigation is just getting started.”

“That’s what they tell me.”

__________

THE RETURN address was that of a prison. Though he had many former clients behind bars, Clay could not remember one named Paul Watson. He opened it and
pulled out a one-page letter, very neat and prepared on a word processor. It read:

Dear Mr. Carter: You may remember me as Tequila Watson. I’ve changed my name because the old one doesn’t fit anymore. I read the Bible every day and my favorite guy is the Apostle Paul, so I’ve borrowed his name. I got a writ-writer here to do it legally for me
.

I need a favor. If you could somehow get word to Pumpkin’s family and tell them that I’m very sorry for what happened. I’ve prayed to God and he has forgiven me. I would feel so much better if Pumpkin’s family could do the same. I still can’t believe I killed him like that. It wasn’t me doing the shooting, but the devil, I guess. But I have no excuses
.

I’m still clean. Lots of dope in prison, lots of bad stuff, but God gets me through every day
.

It would be great if you could write me. I don’t get much mail. Sorry you had to stop being my lawyer. I thought you were a cool dude. Best wishes
,

Paul Watson

Just hang on, Paul, Clay mumbled to himself. We might be cell mates at the rate I’m going. The phone startled him. It was Ridley, down in St. Barth but wanting to come home. Could Clay please send the jet tomorrow?

No problem, dear. It only costs $3,000 an hour to fly the damned thing. Four hours down, four hours back—$24,000 for the quick round-trip, but that was a drop in the bucket compared to what she was spending on the villa.

   CHAPTER 35   

You live by the leak, you die by the leak. Clay had played the game a few times, giving reporters the juicy gossip off the record, then offering smug “No comments” that were printed a few lines down from the real dirt. It had been fun then; now it was painful. He couldn’t imagine who would want to embarrass him even further.

At least he had a little warning. A reporter from the
Post
had called Clay’s office, where he’d been directed to the Honorable Zack Battle. He found him and got the standard response. Zack called Clay with a report of the conversation.

It was in the Metro section, third page, and that was a pleasant surprise after months of front-page heroics, then scandals. Because there were so few facts the space had to be filled with something—a photo of Clay. KING OF TORTS UNDER SEC INVESTIGATION. According to
unnamed sources …” Zack had several quotes, all of which made Clay sound even guiltier. As he read the story he remembered how often he’d seen Zack do the same routine—deny and deflect and promise a vigorous defense, always protecting some of the biggest crooks in town. The bigger the crook the faster he ran to the office of Zack Battle, and Clay thought, for the first time, that perhaps he’d hired the wrong lawyer.