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Federal Judge Stewart Dalzell has once again awarded more than $31 million in attorney fees to the team of lawyers who secured a $126 million settlement from the accounting firm KPMG. The 3rd Circuit had earlier found that the fee award may have been too generous because Dalzell erred in his application of a lodestar "crosscheck" by focusing only on hourly rates for the top lawyers. Now Dalzell has ruled that although the "multiplier" the fee award represents is higher, the fee is still justified.
March 30, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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