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Florida Investment Panel OKs Cap on Legal Fees

TALLAHASSEE, Fla. (AP) - The panel that invests state money including pension funds has approved a $50 million per case cap on legal fees paid to outside lawyers. The three-member State Board of Administration unanimously adopted the limit proposed by one of its members, Attorney General Bill McCollum...

Eli Wald on Assignability of Unpaid Legal Fees Lawsuits, Burnison v. Johnston, 277 Neb. 622 (Neb. 2009).

In Burnison v. Johnston , the Supreme Court of Nebraska held that a law firm may assign its right to collect unpaid legal services. This Commentary, written by Professor Eli Wald, a legal ethics expert, summarizes the pertinent legal issues decided by the Court and provides important insights for practitioners...

Eli Wald on the Use of Credit Cards to Pay for Legal Services, Virginia State Bar Standing Comm. on Legal Ethics, Op. 1848, 2009 Va. Legal Ethics Ops. LEXIS 1 (April 14, 2009)

Clients use of credit cards to pay for legal services has become commonplace. This opinion explores whether lawyers may pass along transactional fees charged by credit card companies to clients who are using credit cards to pay legal fees. This Emerging Issues Analysis, written by Professor Eli Wald...

Hearing to Determine Who Pays Stanford Legal Fees

HOUSTON, TX (AP) - Jailed Texas financier R. Allen Stanford and three executives all facing charges of bilking investors out of $7 billion as part of a massive Ponzi scheme will have to wait another five months before learning if they will have to foot their own legal bills. Full version available...

R.I. Judge: Lead Paint Firms Must Pay Own Legal Fees

PROVIDENCE R.I. - (AP) Three companies that sold lead-based paint and were sued by the state in a landmark case cannot recover money they spent defending themselves in the lawsuit, a judge ruled Tuesday. Rhode Island in February 2006 won a jury verdict that could have forced the three companies....

How Should Law Firms “Gear Up” to Manage Projects Better? – A 50,000-foot View (Part 1 of 2)

This two-part series was written by LegalBizDev Principal Steve Barrett , former CMO at Drinker Biddle. It is based on an article that will appear in Of Counsel: The Legal Practice and Management Report. Approaching the second anniversary of the September financial markets collapse, let's look...

New Law on the Way in New York: Lender Pays Borrower’s Legal Fees!

By Bruce J. Bergman , Member, Berkman, Henoch, Peterson, Peddy & Fenchel, P.C. , Author, Bergman on New York Mortgage Foreclosures , 3 vols, LexisNexis Matthew Bender (rev. 2010) This is a startling "heads up" for mortgage lenders and servicers: A bill has passed both houses of...

New Law on the Way in New York: Lender Pays Borrower’s Legal Fees!

By Bruce J. Bergman , Member, Berkman, Henoch, Peterson, Peddy & Fenchel, P.C. , Author, Bergman on New York Mortgage Foreclosures , 3 vols, LexisNexis Matthew Bender (rev. 2010) This is a startling "heads up" for mortgage lenders and servicers: A bill has passed both houses of...

Lead Attorneys In Vioxx Settlement Get $315.3M

NEW ORLEANS - (AP) The federal judge overseeing the thousands of lawsuits filed over withdrawn painkiller Vioxx has ruled that the lead lawyers in the case will get $315.3 million, while other lawyers who sued Merck & Co. will share $1.2 billion. U.S. District Judge Eldon J. Fallon, in a ruling Tuesday...

Judge OKs $70M DuPont Waste Pile Settlement In West Virginia

CHARLESTON, W.Va. - (AP) Chemical maker DuPont Co. will pay $70 million and fund long-term medical monitoring for residents of a West Virginia town who sued over pollution from a zinc smelter and its 100-foot-tall pile of waste. A state judge approved the settlement Tuesday that ends years of court battles...

$42 Million Judgment Against Fen-Phen Lawyers Vacated

FRANKFORT, Ky. -- A $42 million summary judgment in favor of 431 fen-phen plaintiffs against a group attorneys, two of whom are serving lengthy prison sentences stemming from allegations that they pocketed twice what their fee agreements called for, has been vacated by the Kentucky Court of Appeals,...

Financier Stanford's Lawsuit Seeks $7.2 Billion

HOUSTON - (AP) Jailed Texas financier R. Allen Stanford has filed a lawsuit accusing prosecutors and federal agents of depriving him of his constitutional rights by using abusive law-enforcement tactics. He is asking for $7.2 billion in damages. The lawsuit filed Wednesday comes after Stanford was declared...

Prince Sued By New York Law Firm For $700,000 In Fees

NEW YORK - (AP) A New York City law firm says Prince owes more than $700,000 in legal fees for services that included helping to settle financial obligations to his former wife. The firm is suing the "Purple Rain" singer in state Supreme Court in Manhattan. Patterson Belknap Webb & Tyler...

Panel Hears Plan To Cap Attorney Fees In $3.4 Billion Settlement

(AP) Attorneys in the government's $3.4 billion settlement with American Indians over mismanaged royalties are "stonewalling" a congressional panel as they ask a judge to more than double their fees in the case, the committee's chairman said Tuesday. Rep. Don Young, R-Alaska, is co...

Fourth Circuit holds that attorney's fees provision of Clean Air Act requires only a modicum of success on claims

Applications for attorney's fees are often very contentious. In addressing the language regarding such fees contained in the Clean Air Act, the Fourth Circuit affirmed a broad interpretation of the fee provision. Defendant Duke Energy sought to construct a 800-MW, coal-fired generator (known as...

Some Real Blunders to Help Undermine Your Marketing Efforts

Now let's think. If I wanted to do some really stupid things to hurt my chances of getting more legal business, and/or damage my reputation, as a lawyer what would they be. Here is my take on an article in Trey Ryder's recent newsletter where he identifies a dozen blunders (with his...

Bruce Bergman on Foreclosure: Legal Fees to Mortgage Borrowers? - Analysis, Webinar and Video

It is old news that in mortgage foreclosure cases recovery of reasonable fees to the foreclosing lender can be available if the mortgage so provides. Until recently, such legal fees were not usually available to borrowers. New York law enhanced borrowers' options, effective December 20, 2010...

Rothstein Victim Seeks Nearly $500,000 In Legal Fees For TD Bank Discovery Violations

An investment group victimized by Scott Rothstein's $1.4 billion Ponzi scheme has asked a Florida federal judge to award it nearly half a million dollars in legal fees as a result of discovery violations by TD Bank and its counsel during a trial earlier this year. Coquina Investments was awarded...

Jay Shapiro on United States v. Kaley: The Supreme Court Examines Challenges to Pre-conviction Forfeiture Seizures

In Kaley v. United States [lexis.com subscribers may access Supreme Court briefs for this case ] , argued early in this new Term of the Court, the Supreme Court will have the opportunity to resolve a split amongst the Circuits concerning what a defendant may do to challenge a pre-conviction forfeiture...

Norton Rose Fulbright: Rise Of Predictive Coding For Pharmaceutical Companies

By Jessica Sykora | Pharmaceutical and medical device companies in the midst of costly e-discovery battles and high-dollar litigation have more than likely heard the buzzwords "predictive coding" and "computer-assisted review" at some point during strategy sessions over how to...

How Much Should a Startup Pay in Legal Fees?

A fair percentage of my legal practice consists of representing early stage companies (i.e., startups). Many founders approach me because they want to form Delaware corporations and seek funding from VCs or angel investors. The question of legal fees is often a painful one for these clients. Many of...

California Court Considers Reimbursement of Legal Fees Under D&O Policy

In its recent decision in Clark v. Travelers Cas. Ins. Co. of America, 2015 U.S. Dist. LEXIS 114877 {subscribers can access an enhanced version of this opinion: lexis.com | Lexis Advance ] (C.D. Cal.), the United States District Court for the Central District of California had occasion to consider when...