Criticism is mounting over $87.7 million in attorney fees proposed in a class action settlement over Apple iPhones, with attorneys general from a dozen states the latest to criticize what they called a “wildly excessive” fee request.
In a proposed amicus brief submitted Nov. 27, the attorneys general said the fee request, based on a percentage of the estimated $310 million value of the settlement, should instead equal the amount of the lodestar because the case was “unremarkable.” The lodestar—the 68,731 hours multiplied by the billing rates of the lawyers in the case—is $36.4 million.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]