Posted by bg on November 25, 2007
$52M-plus payday for Christie’s old boss
Ashcroft firm to monitor med-implant settlement
Former U.S. Attorney General John Ashcroft was one of
five private attorneys whom Christie hand-picked to monitor
the implant makers. Now Ashcroft’s D.C.-based firm is
poised to collect more than $52 million in 18 months, among
the biggest payouts reported for a federal monitor.
Disclosed in SEC filings, the arrangement calls for
Zimmer Holdings of Indiana to pay Ashcroft Group Consulting
Services an average monthly fee between $1.5 million and
$2.9 million. The figure includes a flat payment of $750,000
to the firm’s “senior leadership group,”
individual legal and consulting services billed at up to
$895 an hour, and as much as $250,000 a month for expenses
including private airfare, lodging and meals.
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This entry was posted on November 25, 2007 at 1:53 pm and is filed under Uncategorized.
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