A settlement of $3.4 billion was announced this week in one of the largest class actions ever filed against the U.S. government. The case, Cobell v. Salazar, involves a 14-year claim against the...
News Blog
Archive: 2010
Attorney Fees & Wall Street Bankruptcies
May 6, 2010
A recently New York Times expose, “Who Knew Bankruptcy Paid So Well” by Nelson D. Schwartz and Julie Creswell reports on legal fees and expenses in bankruptcy cases that have arisen as a...
Recent reports by Daily Finance and the Washington Post estimate that the legal fees in defending Goldman Sachs against six private shareholder lawsuits as well as the SEC investigation could reach...
Legal Costs Soar for Investment Firm
April 30, 2010
Investment News reports that Morgan Keegan’s legal fees have skyrocketed during the past two years to $251 million. Morgan Keegan’s legal costs are largely the result of defending...
A recent article, “Lawyer Says He Can’t Estimate Fees in Toyota MDL” reports that Dan Becnel Jr., the first attorney to submit his name for co-lead counsel of the multidistrict...
D.C. Circuit Takes on Attorney Fee Disputes
April 28, 2010
A recent BLT Blog post, “D.C. Circuit Gets Interested in Fee Disputes” reports that the D.C. Circuit Court of Appeals currently has two fee dispute cases before it. In D.C., bar...
A recent article, “Waiting Game Continues in Stanford Legal Fee Dispute” reports that a hearing to determine who will pay the attorney fees for the defense in the Stanford Ponzi scheme is...
Lehman Brothers Legal Bill Continues to Grow
April 26, 2010
A recent article, “Lehman Brothers Bankruptcy Bill Approaches $750 Million – and Counting” reports that the latest legal bill in the Lehman Brother bankruptcy is in and it’s...
U.S. Supreme Court Makes Lodestar Multiplier Less Likely
April 22, 2010
On Wednesday, the U.S. Supreme Court decided the most important attorney fees cases in years: Perdue v. Kenny A. (08-970). In a 5-4 majority opinion, the Court overturned a lodestar multiplier...
A recent article, “Del. Chancery Court Awards Plaintiffs Fees Based on Defendants’ Pre-litigation Conduct” reports that Delaware Chancery judge ordered defendants to pay their...