The plaintiffs brought a motion for Court approval of the Fee Agreement reached in relation to the partial settlement of the Day Scholars class proceeding.
Unlike many class actions, Class Counsel worked on a fee-for-service basis rather than a contingency agreement.
The Court found the proposed fees, which included an $8.3 million payment for past fees, to be fair and reasonable given the exceptional results achieved, the complexity of the litigation, and the significant time expended.
The Court also approved $15,000 honoraria payments to the Representative Plaintiffs for their extraordinary efforts and personal sacrifices.