Jerry and Patricia A. Dixon, et al - Page 150




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          equally convinced that the Thompson and Cravens settlements                 
          neither prevented Mr. Izen from fully and fairly presenting his             
          clients' cases to the Court nor resulted in any reduction in the            
          effectiveness of his presentation on their behalves.  There is no           
          indication in the record that the Thompson and Cravens                      
          settlements affected Mr. Izen's trial preparation or trial                  
          strategy, or his trial tactics or presentation.  Although Mr.               
          Thompson's testimony at the trial of the test cases that Mr.                
          Kersting had orally assured him that his promissory notes would             
          be canceled in exchange for the return of Kersting stock may have           
          surprised Mr. Izen, the record reveals that Mr. Izen was well               
          aware that respondent intended to rely on the so-called comfort             
          letters to establish the same point.  Mr. Izen's strategy--                 
          conceived before the trial of the test cases and continuing                 
          through the evidentiary hearing--was to rebut the comfort letters           
          with evidence that Kersting corporations had initiated collection           
          litigation against Kersting program participants who failed to              
          make loan payments.  In addition to developing the testimony of             
          the test case petitioners that he represented, Mr. Izen cross-              
          examined Messrs. Thompson, Cravens, and Alexander during the                
          trial of the test cases.  Considering all the facts and                     
          circumstances, we are convinced that the misconduct of Messrs.              
          Sims and McWade in connection with the Thompson and Cravens                 
          settlements and the Alexander understanding did not alter the               
          basic framework within which the trial of the test cases was                
          conducted.  We are convinced that the trial of the test cases               

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