Judge OKs $24M In Atty Fees For $175M BP Deepwater Deal
Law360, Houston (February 14, 2017, 4:33 PM EST) -- A Texas federal judge on Monday gave final approval to a $175 million settlement for a class of investors who reached a deal with BP PLC after accusing it of downplaying the magnitude of the Deepwater Horizon oil spill, awarding $24 million in fees and costs to attorneys representing the class.
U.S. District Judge Keith P. Ellison wrote in the order Monday that after considering the lead counsel's January application for $20.25 million in fees and $4 million in expenses, awarding the full amount requested “is fair and reasonable.” The settlement resolves a certified class action alleging that the company misrepresented the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!