Litigation financier desires to chop Shire deal by USD 350 million

Law360 (Feb. 4, 2021, 4:55 p.m. EST) – The attorney for law firm Counsel Financial Services on Wednesday sought permission from a Florida federal judge in a dispute over the apportionment of legal fees resulting from a whistleblower settlement with the biotech company Shire for $ 350 million to intervene. Barry A. Cohen PA law firm should be forced to pay the fees received to repay a line of credit of $ 43.8 million.

Counsel Financial loaned Cohen money to Cohen in February 2009 in return for a secured interest in the firm’s assets, including proceeds from legal fees. In January 2019, the company received a $ 43,778,684 judgment against the Cohen Company, …

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