Who is John Eddie Williams?
John Eddie Williams, born in the 1950s, is an influential figure in the legal fraternity. He is recognized as the founding partner of the Williams Kherkher Law Firm, cementing his reputation as a powerful litigator. Williams is married to Sheridan, and together they have a daughter and presumably a son, John Eddie Jr.
Williams’ Pioneering Role in the Historic Big Tobacco Lawsuit
The Big Tobacco lawsuit represents one of the most pivotal moments in legal history, primarily targeting the three largest American tobacco corporations, Philip Morris, Reynolds American and Lorillard. In 1996, Texas Attorney General Dan Morales selected a group of prominent plaintiff lawyers, famously known as the Tobacco Five, on a contingent-fee basis to challenge Big Tobacco’s influence.
The Rise of the Tobacco Five
The Tobacco Five comprised John Eddie Williams, Walter Umphrey, John O’Quinn, Harold Nix, and Wayne Reaud. Their responsibility in filing Texas v. American Tobacco Co., et al was to seek compensation for the healthcare provided to Texans affected by smoking-related illnesses.
A Significant Legal Victory: Earning US$ 3 Billion in Fees
The agreement between the Tobacco Five and the Attorney General required each of them to contribute $2 million from their pockets to cover discovery costs. These costs eventually accumulated to $30 million, but their significant legal victory in 1998 awarded them a massive $3 billion in legal fees to be paid over 25 years. John Eddie Williams’ share in this landmark settlement amounted to a staggering $600 million, which is approximately $24 million per year.
John Eddie Williams’ Net Worth
Thanks to his significant achievements in the field of law, including his triumphant battle against Big Tobacco, John Eddie Williams boasts an estimated net worth of a cool $600 million.
Resources
wikipedia.org/JohnEddieWilliams
www.williamskherkher.com/attorneys/johneddiewilliams/
www.tortreform.com/lingering-odor-texas-tobacco-settlement
www.ladysheridan.com
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http://houston.culturemap.com/most-beautiful-mansion-in-river-oaks
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