$4M lawsuit filed over lawsuit funding
Nashville Post
July 19, 2010
A Nashville company that finances contingency-fee litigation for plaintiffs' attorneys has ended up going to court against one of its clients, a prominent Houston lawyer who has been at embroiled in controversy over his campaign contributions to attorneys general across the country.
Augusta Capital LLC filed suit July 12 in Nashville's U.S. District Court against Ken Bailey, co-founder of Houston's Bailey Perrin Bailey law firm. Appended to the complaint is a promissory note dated March 4 of this year in which Bailey commits to pay Augusta $3.82 million in the next three months. The document states that "the loan represents a settlement figure arrived at by the parties to repay the outstanding advances and settle the outstanding fees."
