A new lawsuit involving class action law firms Scott + Scott and Robins Kaplan is shedding light on the often opaque process of dividing attorney fee awards. This case arises from a $5.6 billion antitrust settlement, which has raised questions about how hundreds of millions of dollars in court-approved fees are allocated each year. The lawsuit offers a rare glimpse into the private agreements that typically govern these divisions, which rarely come to public attention. Additionally, the U.S. Securities and Exchange Commission (SEC) is facing delays in rulemaking due to significant pushback from various stakeholders.
Private deals between class action law firms to divide up attorney fee awards rarely see the light of day. But a new lawsuit between Scott + Scott and Robins Kaplan peels back some of that secrecy in a $5.6 billion antitrust settlement https://t.co/CZurGRD4Lu @DaveThomas5150 https://t.co/toHQBaGklP
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Legal Fee Tracker: Lawsuit reveals fight over awards after $5.6 bln 'swipe fees' settlement https://t.co/90VlScD7EA https://t.co/c40Yl22EbV