STEVE MOSTYN IS TOP CONTRIBUTOR TO TEXAS CAMPAIGNS: Houston Hurricane Lawyer has contributed $9.6 million
by TexasGOPVote on November 1, 2010 at 2:49 PM
The following press release came in from Texans for Lawsuit Reform:
(AUSTIN, TX) 8-Day campaign finance reports and telegram reports filed last week show Houston hurricane lawyer Steve Mostyn has spent an additional $3.75 million on Texas campaigns, bringing reported contributions from Mostyn, his wife and his law firm to $9.6 million, so far this cycle.
Mostyn, the incoming president of the Texas Trial Lawyers Association, was the lead attorney on the recent TWIA-IKE settlement, which reportedly netted over $75 million in attorney fees, although exact figures are not known since Mostyn has gone to court multiple times to keep the fees secret from the public and media.
Mostyn has funneled this massive amount of political money through a web of groups, most whose names have nothing to do with lawyers or litigation. The House Democratic Campaign Committee received about 80% of its funding from Mostyn, who gave the group $1 million. Mostyn is also the top contributor to Texans for Insurance Reform, a trial lawyer PAC that has raised $3,007,100 and funnels contributions to State House races. Mostyn has given the group $750,000.
Mostyn contributed $863,942 to the Coalition of Harris County Democratic Elected Officials. The Coalition backs judicial candidates in Harris County and their report shows funding for Democratic Get Out the Vote efforts in the final days before the Election. Eighty-five percent of the group’s funding comes from Mostyn.
Mostyn’s Back to Basics PAC, which he has used to attack Governor Rick Perry and candidates who support lawsuit reform, has spent just over $4 million so far this election cycle; Mostyn has contributed $3,975,181 to this PAC. Mostyn is also the primary funder for several other PAC’s, including Texans for Public Education ($105,000), Texas Forward Committee ($100,000), the Valley Political Action Committee ($140,680) and Turn Texas Blue ($240,730).
Texans for Lawsuit Reform PAC is the political arm of Texans for Lawsuit Reform, the state's largest civil justice reform organization. TLR is a bipartisan, volunteer-led coalition with more than 17,000 supporters residing in 869 Texas communities and representing 1,266 different businesses, professions and trades. For more information about TLR visit www.tlrpac.com.
Pol. Adv. Paid for by Texans for Lawsuit Reform PAC, 919 Congress, Suite 455, Austin, Texas 78701 Lupe Fraga, Treasurer