Deepwater MDL Judge Caps Attys' Fees At 25%

Law360, New York (June 15, 2012, 10:19 PM EDT) -- A Louisiana federal judge on Friday capped at 25 percent plus reasonable costs the individual contingent fee arrangements for all attorneys representing plaintiffs in the $7.8 billion class action settlement with BP PLC over the Deepwater Horizon oil spill.

U.S. District Judge Carl J. Barbier, who last month gave the initial go-ahead to two settlements addressing economic losses and property damages to Gulf Coast residents and medical claims brought by workers who performed cleanup work, based his decision on a similar 32 percent cap initiated by...
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