Turtle Talk

Hearing on Final Approval of Final Settlement Agreement (Doc. No. 1334) and on Application for Attorneys’ Fees and Costs (Doc. Nos. 1313 and 1335)

Things heat up on page 10 when attorneys call as a witness Professor Brian Fitzpatrick of Vanderbilt Law School to convince the court that 8.5% in attorney’s fees is fair when the Lodestar method would have awarded slightly less.  Ramah Class was awarded $940 million so that means $79 million will be fees.  Since class counsel spent just under 20,000 hours on the case the rate comes out to just under $4k/hour.  The court didn’t conduct its own Lodestar check.