Retailers' Lawyers get $220 Million in Fees
Forbes reports that the law firm that represented retailers in the anti-trust lawsuit against Visa and MasterCard will receive $220 million in fees and an additional expense reimbursement of $18.7 million.
Lloyd Constantine, lead lawyer for the retailers, had requested roughly $600 million in fees, saying the sum was 18 percent of the settlement plus expenses. But Gleeson in his approval said the requested fee was "excessive."
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