Dec 19 (Reuters) - U.S. courts awarded hundreds of
millions of dollars in legal fees to class action lawyers and
other attorneys in 2024, with hundreds of millions more still
hanging in the balance in 2025.
Here are some of the largest awards and outstanding fee bids
heading into the new year.
- Two of the biggest attorney paydays of the year came in a
sprawling 12-year antitrust litigation over claims that health
insurer Blue Cross Blue Shield overcharged subscribers and
underpaid healthcare providers.
The U.S. Supreme Court in June declined to hear a challenge
to $667 million in fees awarded to lawyers at Boies Schiller
Flexner, Hausfeld and other law firms that secured a $2.7
billion antitrust settlement with the insurer in 2020.
Another set of plaintiffs lawyers, led by Joe Whatley and
Edith Kallas of Whatley Kallas, are set to request up to $700
million for their work on a separate $2.8 billion settlement
that Blue Cross reached in October.
A federal judge in Birmingham, Alabama tentatively approved
the $2.8 billion settlement earlier this month. Blue Cross
denied wrongdoing.
Whatley Kallas represented hospitals and other health care
providers in the cases. Boies Schiller and Hausfeld represented
commercial and individual subscribers.
- Winston & Strawn and Hagens Berman Sobol Shapiro are seeking
more than $515 million in legal fees after negotiating a
landmark multibillion-dollar settlement with the National
Collegiate Athletic Association over pay restrictions for
student athletes.
The proposed settlement includes payments to former college
athletes worth about $2.7 billion and also includes provisions
for future athletes to be compensated. The future payments could
lead to another $200 million or more in additional legal fee
awards for Winston and Hagens Berman over the next 10 years.
The settlement would resolve antitrust lawsuits over
longstanding NCAA rules that prohibited payments to athletes,
including restrictions on compensation for competing, for the
commercial use of players' names, images and likenesses, and
payments tied to athletes' academic achievements.
- A federal judge in November said she would continue to set
aside more than half a billion dollars for a group of plaintiffs
law firms after 3M ( MMM ) agreed to pay $6.01 billion to settle
the largest mass tort litigation in U.S. history.
The court and the lawyers who worked on the case still have
to decide how to distribute about $540 million in legal fees.
Lawyers from more than 60 law firms said they spent 364,000
hours working on the case, including 16 trials.
3M ( MMM ) agreed to the settlement last August, resolving claims
that flaws with the company's earplugs caused hearing damage in
hundreds of thousands of U.S. service members and veterans. 3M ( MMM )
has said its earplugs are safe and effective and denied
allegations that they caused hearing loss.
- A Delaware state judge earlier this month awarded $345 million
to lawyers who successfully sued to void Tesla founder
Elon Musk's $56 billion pay package, but the final fate of the
award is still unsettled.
Chancellor Kathaleen McCormick last week cleared the way for
Musk and Tesla to file appeals to try to reinstate his pay
package. Tesla will also be able to appeal the $345 million fee
award, the largest ever in Delaware.
The law firms who spearheaded the lawsuit against Tesla -
Bernstein Litowitz Berger & Grossmann, Andrews & Springer and
Friedman Oster & Tejtel - initially sought more than 29 million
Tesla shares, valued at billions of dollars, as a fee award.
McCormick rejected the request.
- Delaware's highest court in August upheld a $267 million fee
award for five law firms that obtained a $1 billion settlement
for Dell Technologies ( DELL ) shareholders.
The fee is one of the largest ever for U.S. shareholder
litigation. But the Delaware Supreme Court said it was not an
improper windfall to the law firms who represented the
plaintiffs - Labaton Keller Sucharow, Quinn Emanuel Urquhart &
Sullivan, Andrews & Springer, Robbins Geller Rudman & Dowd and
Friedman Oster & Tejtel.
The plaintiffs alleged they were short-changed in a
controversial $23.9 billion transaction in 2018 that marked
Dell's return as a publicly traded company. Dell had denied
wrongdoing.
(Legal Fee Tracker is a weekly feature exploring attorney
compensation awards and disputes in class actions, bankruptcies
and other matters. Please send tips or suggestions to
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