Plaintiffs' lawyers in the House v. NCAA case are seeking at least $525 million in attorneys' fees and costs related to a landmark $2.8 billion settlement over college athletes' compensation. Additionally, they have requested the right to apply for further fees, potentially totaling around $250 million, to be paid over a decade. The settlement is expected to enhance benefits for college athletes by $20 billion or more over the next ten years. In a separate class-action lawsuit, a prospective class of current and former students is claiming $685 million against 17 elite universities, alleging they favored wealthy applicants in admissions to secure donor contributions. The lawsuit raises concerns about the admissions and financial aid policies of these institutions, which include prestigious schools such as Cornell, MIT, and the University of Pennsylvania. The suit alleges that students overpaid these colleges by $685 million due to a price-fixing scheme.
US 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. Subscribe to The Daily Docket: https://t.co/s1z0JFiNQe https://t.co/H6KXwM99Dt
Delaware Valley Journal on Elon Musk's 2018 compensation package case: "This case is a textbook example of the need to limit on how much lawyers can take from the companies they target. Businesses paid more than $529 billion in legal fees and related costs in 2022. That’s 2.1% of… https://t.co/gIpiWHgqx9
"Affirmative action" for the rich. The Trump and Biden families. among others, send their offspring to @Penn, for decades a landing spot for children of the wealthy (some qualified and some not). The last @Penn president got a $23 million payout. https://t.co/gWi5gY47Z2