A recent Reuters story, “Judge Limits Attorneys’ Fees in BP Oil Spill Case,” reports that a federal judge overseeing the massive litigation stemming from the 2010 Gulf of Mexico oil...
News Blog
Archive: 2012
Two Investors Must Pay Goldman Sachs Legal Fees
June 15, 2012
A recent WSJ story, “Panel Rules Investors Must Pay Goldman $500K in Legal Fees,” reports that two investors must pay $500,000 in legal fees to a Goldman Sachs unit after losing an...
A recent BLT Blog post, “D.C. Appeals Court Hears Fee Dispute in TV Writers’ Discrimination Case,” reports that the D.C. Court of Appeals heard arguments in a fee dispute between...
Judge to Insurer: Pay the Attorney Fees
June 12, 2012
A recent Insurance Journal story, “Judge to Insurer: Pay Legal Fees in Pending Insider Trading Fraud Case” reports that a federal judge in New York order an insurance company to keep...
Tort Reform Lobby Takes Aim at Cy Pres Awards
June 8, 2012
Last Friday, the Republican controlled U.S. House held hearings on cy pres awards in class action litigation. Cy pres awards are final surplus funds left over from class action cases. The...
A recent Reuters Legal story, “Preview: Lawyers to Defend Fee Award by Delaware Judge,” reports that a team of plaintiffs’ attorneys will defend their $304 million attorney fee award...
The DOJ’s United States Trustee Program (USTP), which monitors bankruptcy proceedings, has been pressing for new rules and guidelines on attorney fees in Chapter 11 bankruptcies. On...
$17M Billed in MF Global Bankruptcy...So Far
June 5, 2012
A recent Reuters story, “MF Global Trustee’s Law Firm Bills $17 Million So Far,” reports that the legal team unwinding MF Global Holdings’ broker-dealer billed more than $17...
A recent NLJ story, “Mattel Argues Huge Bratz Award was Built Upon Errors,” reports that the $310 million judgment against Mattel, Inc. in its long-running litigation against Bratz doll...
NALFA to WSJ: YES!
June 1, 2012
This week a WSJ article, “Should Lawyers Get Paid for a Win Without a Fight?” by Peg Brickley takes issue with large fee awards earned in securities class actions. The answer to...