Magistrate Suggests Slashing Attys' Fees In Keiser FCA Suit

By Nathan Hale (December 15, 2014, 8:00 PM EST) -- A magistrate judge has recommended awarding just 5 percent of more than $1 million in attorneys' fees and expenses plaintiffs requested in a $4 billion False Claims Act suit against Keiser University that netted just $11,000 in damages, finding the claims "excessive" and "not reasonable."

U.S. Magistrate Judge Lurana S. Snow, in a report issued Friday, recommended an attorney's fee award of $60,000, which she noted was substantially higher than the bargained-for contingency fee of less than $5,000, and a total expense award of $27,037.33.

"The undersigned agrees that ... the number of hours spent for the work performed, especially in...

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