August 28, 2008 |
When Joe Biden's brother and son wanted to buy a hedge fund company two years ago, they turned for financing to a law firm that had lobbied the Delaware senator's office on an important piece of business in Congress -- and in fact had recently benefited from his vote. The firm promised James and Hunter Biden that it would invest $2 million, and quickly delivered half of it. That arrangement eventually fell through, and the firm's money was returned. But the investment highlighted the close ties between the Biden family and SimmonsCooper, an Illinois law firm that specializes in representing asbestos victims -- a multimillion-dollar line of business that was under threat in Congress.