The U.S. Court of Federal Claims has awarded Quinn Emanuel Urquhart & Sullivan LLP $92 million in legal fees stemming from a substantial $3.7 billion win in two class actions concerning risk corridor payments under the Affordable Care Act. The legal firm initially sought $185 million, but the court decided to reduce the amount. The class actions involved were critical in addressing the government’s obligations within the ACA framework.
These developments tie back to ongoing discussions and legal interpretations of the risk corridor program enacted as part of the ACA. For further details on the case and the court’s ruling, visit the detailed report on Law360.