Lieff Cabraser Heimann & Bernstein and other plaintiffs firms will pocket nearly $16 million as part of a record-breaking deal to settle claims that Capital One Financial Corp. bombarded consumers with unwanted phone calls. The fee is less than the plaintiffs lawyers asked for, but it’s far more than class action objector Theodore Frank would have given them.
U.S. District Judge James F. Holderman in Chicago on Thursday signed off on a $75.5 million agreement to resolve allegations that Capital One violated the Telephone Consumer Protection Act. In granting final approval for the settlement—the largest ever in a TCPA case—Holderman awarded $15.67 million to plaintiffs lawyers at Lieff Cabraser, Terrell Marshall Daudt & Willie and Keough Law Ltd.
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