Bloomberg Law covered Hamilton Lincoln Law Institute’s work reducing excessive attorneys’ fees in the Broiler Chicken antitrust settlement.
Under a new analysis, Durkin concluded that the “best evidence” of the market rate for attorneys fees in antitrust cases across the country is 30%. ” This result suggests a downward departure from the one-third fee the court previously awarded,” Durkin said.
Ted Frank of the Hamilton Lincoln Law Institute, an attorney for Andren, said in an email Friday that they’ll “evaluate over the next few weeks whether it makes sense to appeal.”
“We’re happy about the reduction of a bit over $5 million, though it’s less than we feel appropriate,” Frank said. “The opinion has some internal inconsistencies and we think it contradicts the mandate in places.”
Read more at Bloomberg Law.