LOUISVILLE, Ky. (AP) - The Kentucky Supreme Court has disbarred class-action lawsuit specialist Stan Chesley over his actions in a Kentucky diet drug settlement.
The high court's decision on Thursday could affect multiple cases in which the Cincinnati-based Chesley has a hand across the country.
The decision stems from how Chesley acted and his decisions in a $42 million settlement between the makers of fen-phen and a group of people in Kentucky who sued the diet-drug maker.
Chesley is considered in legal circles to be the godfather of the modern class-action lawsuit. More than 30 years ago he won $50 million for victims of the Beverly Hills Supper Club fire, a May 1977 blaze that killed 165 and injured 116 in northern Kentucky.
You can read more of the Supreme Court's decision by clicking here.
Last this afternoon, Chesley's lawyer Sheryl G. Snyder issued this statement: "Stan Chesley has been a distinguished lawyer and continues to be a philanthropic supporter of his community. He has a previously unblemished record of legal service and we are therefore disappointed with the Court’s decision to impose such a severe sanction, especially in light of its finding that “it is not shown that he had specific knowledge of the deception practiced on each client” by the other lawyers."
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