Holocaust lawyer eyes bankruptcy
By CARRIE WEIMAR
Published March 22, 2007
TAMPA - High-profile lawyer Edward Fagan traveled the world collecting multimillion dollar claims for Holocaust victims.
But now the New Jersey lawyer has a new client: himself.
Fagan, who has sued everyone from the South African government to the makers of the movie Borat, filed for protection under federal bankruptcy laws in Tampa last month.
Fagan is representing himself in bankruptcy court and did not return a telephone call seeking comment Wednesday.
Court documents show Fagan owes about $9.4-million to creditors.
He rose to prominence in the mid-1990s when he represented 82,000 Holocaust victims and their heirs and was instrumental in bringing major recovery actions against businesses in Germany and Switzerland that led to $7.7-billion in settlements.
But Fagan has lost several large judgements recently.
In 2004, he was sued for malpractice by a client who accused him of suing the wrong party in a personal injury case and failing to oppose its dismissal.
In 2005, Fagan was hit with hundreds of thousands of dollars in sanctions after a New York federal judge ruled he mishandled a lawsuit against an Austrian bank over the value of artwork looted by Nazis.
U.S. District Judge Shirley Wohl Kram ordered him to pay attorneys fees and fined him $5,000.
[Last modified March 22, 2007, 01:35:21]
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