Lead class counsel involved in prominent lawsuit resolutions with chemical behemoths; DuPont de Nemours Inc. and 3M, have reportedly declared their intention to request almost $1 billion in legal fees.
This announcement followed a $1.185 billion class action settlement with DuPont, where the lawyers lodged a motion on Sunday for $94.8 million in fees. The motion notably added that the counsel for the class is seeking an 8% fee from this settlement, and intends to request the same percentage from the impending 3M settlement.
With a class action settlement value of at least $10.5 billion against 3M, the anticipated fee demand would stand at $840 million. When combined with the DuPont amount, this would equate to a total fee compensation of $934.8 million.
The full details of this legal development can be found in the original story published on Law.com.