Credit: absent84/ Adobe Stock Eighth Circuit Reverses $78.75M Attorney Fee Award in T-Mobile Data Breach Litigation, Finding Multiplier of 9.6 Unreasonable
"If we permitted the fee award here to stand, it would mean that counsel could make $7,000 to $9,500 an hour, which we think no reasonable class member would willingly pay to an attorney to help resolve this claim, especially when, as here, dozens of other attorneys were offering their assistance," said Judge Morris S. Arnold. "Reducing the fee award to, say, half of what was requested (resulting in fees of $3,500 to $4,750 per hour) could hardly be considered a penalty."
July 29, 2024 at 07:10 PM
5 minute read
The U.S. Court of Appeals for the Eighth Circuit reversed a $78.75 million award for class counsel in a $350 million settlement against T-Mobile, concluding a multiplier of nearly 10 times the attorneys' hourly rate—upwards of $9,500—was unreasonable.
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