Recent press claims express the same concerns as expressed during the State Democratic Convention by the Texas Attorney General's spokesman concerning private legal fees in Barbara Ann Radnofsky's proposed lawsuit by Texas against the Wall Street banks for their financial misconduct that brought down the economy in September 2008.

Radnofsky pledged: "As Attorney General, I will only use great lawyers willing to handle this case at no fee and the fine lawyers within the Attorney General's office. I've already got volunteer counsel. I made a written pledge to work with the current Attorney General, at no fee, with other volunteer counsel I identified to him, to get the lawsuit timely filed. I renew my pledge made in writing to the AG."

Radnofsky continued: "While the State is, in many cases, not barred by limitations, we don't want to fuel a Wall Street argument that the 2 year Texas negligence time limit is statutory and applies to the State. With the key components now available at his desk, Mr. Abbott can and should file the suit to safely avoid Wall Street's arguments."

Former Governor/Texas Attorney General Mark White staunchly supports Radnofsky's plan, Complaint and briefing, available at www.suewallstreet.com: "Barbara Ann has sent the Attorney General a brilliant, simple lawsuit that will bring billions of dollars back to the State of Texas, with no private legal fees.

"The suit should be filed before September 2010. It is clear the State has been damaged. It is clear that the AG is the proper person to file to protect the State and its citizens. It would be unfortunate if the AG allowed limitations to become an issue by not filing this lawsuit within 2 years from the devastation of September 2008. Taking the lead allows for greater control and recovery of damages for Texas."

The proposed lawsuit is supported by former Texas Governor White, law professors, a top forensic CPA, former President of the State Bar of Texas, and a number of great lawyers. Its purpose is to protect the physical and economic interests of Texas.

###

During her 30 year legal career, Barbara Ann has represented retirees, life-saving doctors, blood banks, children burned by lighters, families of murder victims, unfairly treated businesses: a wide variety of persons entitled to protection. Barbara Ann graduated with honors from the University of Houston and the University of Texas School of Law.

She was honored as the Outstanding Young Lawyer of Texas in 1988 and for the past 17 years she has been listed in "Best Lawyers in America". Prior to 2006, she was a partner at the law firm of Vinson & Elkins in Houston, where she served as head of the Alternate Dispute Resolution Section. She was the first woman at Vinson & Elkins to have children as an associate and later attain partnership. Texas has never had a woman Attorney General.

Media Contact:
Katie Floyd: 713-357-3360(office); katie.floyd@radnofsky.com