Counsel in Class Action Lawsuit Against Jeld-Wen Seek PaymentOctober 26th, 2021 by Brigid O'Leary
After securing a $40 million settlement to end the legal proceedings in a class-action, anti-trust suit against Jeld-Wen, the lawyers are seeking their share of payment. They’re asking for 25% of the settlement plus litigation expenses and interest.
Six firms – Robbins Geller Rudman and Dowd, Labaton Sucharow, Cohen Milstein Sellers and Toll, O’Donoghue and O’Donoghue, Phelan Perry, and Neville Law – have applied for attorney’s fees, citing that together they put in more than 18,000 hours of work to “obtain a very favorable settlement for the class.”
Citing no fewer than 50 examples of case law, the attorneys outlined the “notable litigation successes” they achieved to procure a settlement, and the work that went into it, down to the number of document pages they collectively analyzed during discovery and the number of people identified, contacted, interviewed and deposed. The attorneys say the work “demonstrated that they were prepared to take this case through trial” had a settlement not been reached.
All of this work, they say, amounts to $1,241,263.63 in litigation expenses, which they are asking for on top of their cut of the settlement, which would come in at around $10 million.
“Since fee awards are designed to encourage counsel to achieve the best possible result for the class, the amount requested in this case is warranted, if not modest, given the exceptional recovery obtained and the significant obstacles and risks Class Counsel faced in bringing and prosecuting this case,” the application states, while also pointing out that while their request is on the higher end of what is normally requested in similar cases, it’s below the “fees regularly awarded in the Fourth Circuit.”