Garey Forster: Don't let trial lawyers create a Ponzi scheme for coastal lawsuits

Ponzi schemes didn’t die in prison with Bernie Madoff.

Private plaintiffs’ attorneys, trial lawyers but not the typical billboard kind, represent seven parish governments suing more than 200 oil and gas companies in 43 coastal lawsuits. They seek damages from the companies for, principally, oil and gas exploration over a half-century — all the business having been conducted according to state and federal regulations. Read more...