Southern Co., headquarters, Atlanta. (Photo: John Disney/ALM) Ga. Federal Judge OKs $24.5M in Fees After $87.5M Class Settlement Over Failed 'Clean Coal' Plant
Northern District Judge Billy Ray trimmed $2 million from the class lawyers' fee request, but said it 'still represents a fantastic result' for their shareholder clients, who sued Southern Co..
February 09, 2021 at 06:22 PM
4 minute read
The judge overseeing last year's $87.5 million class-action settlement between Southern Co. and shareholders over a failed "clean coal" power plant in Mississippi approved $24.25 million in attorney fees for the plaintiffs lawyers.
But Judge Billy Ray of Georgia's Northern U.S. District Court gave the prevailing counsel a little bit of a haircut, trimming their requested 30% of the total to $27.5%.
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