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Class Action Updates

June 26, 2020

The New Settlements were approved by courts in British Columbia, Alberta, Saskatchewan, Ontario and Quebec. The Court’s decisions approving the settlements can be found in…

June 18, 2020

A settlement has been reached in the litigation with Bank of Montreal, BMO Financial Corp., BMO Harris Bank N.A., and BMO Capital Markets Limited (“BMO”)…

March 24, 2020

اطلاعات راجع به ادعاهای جبران خسارت (به زبان فارسی) Compensation Claims Information (in English) CFM Lawyers is a Vancouver based aviation law firm. We act…

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48. Why do Class Counsel get both 1/3 of the settlement and an additional $250,000 to be the claims administrator?

Class Counsel are acting in two different roles – one role is as the lawyers for the class members, and the other role is as the claims administrator.

The fee of 1/3 of the settlement is for acting as the lawyers for the class members. See FAQ#47 for more information about this fee.

There are specialized firms that do claims administration. Class Counsel asked one of those firms for a price to do this work. The price was higher than $250,000. Class counsel therefore decided to do it ourselves. In our experience, if we billed at our usual hourly rates it would cost us more than $250,000 to properly administer the claims process.

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

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