Plaintiff attorneys have asked for nearly $40 million in fees from a settlement fund. The request comes after a major class action lawsuit reached a final agreement. Court documents show the legal team spent years working on the case. They say their efforts led to a $260 million recovery for affected consumers.
(Plaintiff Attorneys Seek Nearly 40 Million in Fees From Settlement Fund.)
The case involved claims that a large company misled customers about product safety. Attorneys argued the company failed to disclose key risks. A federal judge approved the settlement last month. Now lawyers are seeking payment for their work. Their fee request equals about 15% of the total settlement amount.
Court filings detail thousands of hours logged by attorneys and staff. They also list expenses like expert witness fees and research costs. The plaintiffs’ counsel says the requested amount is fair given the case’s complexity and duration. They note similar cases often result in comparable fee awards.
Some consumer advocates have raised concerns about the size of the request. They worry it could reduce the money available to class members. However, attorneys point out that most payments to claimants have already been processed. The fee award would come from the remaining funds.
(Plaintiff Attorneys Seek Nearly 40 Million in Fees From Settlement Fund.)
The judge will hold a hearing next month to review the request. Class members can submit comments or objections before then. Legal experts say such fee petitions are common in large settlements. Courts typically examine whether the amount matches the work done and results achieved. The final decision rests with the presiding judge.
