A law firm that claimed it was “solely responsible” for a $245 million class action settlement has lost its bid to receive an additional $17 million in attorney fees.
While the 2nd U.S. Circuit Court of Appeals agreed that non-lead counsel Chimicles & Tikellis had conferred a substantial benefit on the class, it nonetheless held that the district court had not erred when it approved the lead counsel’s allocation of only $155,610 in attorney fees to the Pennsylvania-based firm.
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