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Class Action Updates

September 25, 2020

CFM is co-counsel in the recent proposed class action lawsuit filed in Vancouver against Google, its parent company and its subsidiaries, on behalf of Canadian…

August 26, 2020

The British Columbia ODD class action has been certified for settlement purposes as against the TSST Defendants.  

August 13, 2020

Settlements: The Alpha, Continental, Espar, JTEKT, Koito, Maruyasu, Meritor, NTN, Tenneco, Tokai Rika, Toyo Tire, Toyoda Gosei, and Yamashita settlements are subject to court approval…

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47. How much will Class Counsel get paid?

Class Counsel is paid a percentage of the settlement funds, plus expenses and taxes. The Court has to approve the amount of the lawyers’ fees and expenses to be paid from the settlement.

As the lawyers for the class, Class Counsel is asking for 1/3 of the settlement funds (or $1,333,333.33), plus expenses and taxes. This will be shared between Camp Fiorante Matthews Mogerman and Victory Square Law Office.

The representative plaintiffs agreed in a document called a “contingency fee agreement” to pay Class Counsel up to 1/3 of any money received in the lawsuit (whether from a settlement or after trial). The percentage goes up as the lawsuit moves closer to trial. This lawsuit settled very shortly before trial started, so Class Counsel is asking for the full 1/3.

If Class Counsel had been charging by the hour, as most lawyers do, our fee could have been higher.

 

Posted in: Questions about Class Counsel (the Lawyers) and the Experts, Teck/Cominco Class Action FAQs

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