Joseph Stiglitz loses in court

[pscot]

Nobel winner stiglitz was sueing his divorce lawyer, Rita Bank. He claimed she botched his divorce and cost him money in the settlement. The tell is in the last paraqraph.

A Washington federal court jury has found that local matrimonial law heavyweight Rita Bank did not violate the standards of professional care in her handling of (Stiglitz') divorce....

The jury heard closing arguments on Tuesday. Whitworth argued Bank mishandled the case from the get-go by failing to file Stiglitz’s suit for divorce right away. As a result, he said, his client couldn’t conduct discovery and gather information he needed for leverage in the settlement negotiations.

Quoting testimony from the trial, Whitworth said, “It’s the attorney’s duty to communicate with the client. The client doesn’t know what needs to be mustered.”

Simpson pointed to e-mails and other evidence introduced during trial to show that Bank gave counsel that met and exceeded her professional responsibilities. He noted that Stiglitz came in with what he characterized as unreasonable demands, from wanting to hold on to all of his Nobel Prize money – which he received while he was still married – to insisting on using his own mathematical formulas to determine the value of pre-marital assets.

“This case was long and expensive because of the way Joseph Stiglitz....

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