ATTORNEY FEES in wrongful premium retention class action settlement reduced from $1,650,408 to $692,881 in light of further analysis of settlement value, not on basis of 60(b)(2) new evidence, but on basis of 60(b)(6) extraordinary circumstances and agreement that fees shall be determined by the Court… Molloy. [Read more…]

ATTORNEY FEES/CLASS SETTLEMENT: $1,650,408 fees awarded based on 25% contingency in settlement of wrongful premium retention class action valued at $6,601,633 (constructive common fund) which Plaintiffs contend is minimum payout and Defendant contends is maximum… $300,000 lodestar urged by Defendant rejected as windfall… [Read more…]