f) Attorney Fees and Costs. Plaintiffs will also separately petition for an
award of attorneys’ fees and reimbursement of litigation expenses from the Settlement Fund.
Plaintiffs will not seek more than 33% of the Settlement Fund ($37,950,000) for attorney fees,
which as counsel pledged at the onset of the litigation will amount to considerably less than 1.75
times their reasonable lodestar, already reduced in the exercise of billing judgment. Cervantez
Decl. ¶ 18. They will also will not seek more than $3,000,000 in expense reimbursements, and
will support their application with detailed lodestar information and an accounting of their
expenses. Id. ¶ 19. Defendants have agreed not to oppose Plaintiffs’ application
https://www.fiercehealthcare.com/privacy-security/anthem-agr...
f) Attorney Fees and Costs. Plaintiffs will also separately petition for an award of attorneys’ fees and reimbursement of litigation expenses from the Settlement Fund. Plaintiffs will not seek more than 33% of the Settlement Fund ($37,950,000) for attorney fees, which as counsel pledged at the onset of the litigation will amount to considerably less than 1.75 times their reasonable lodestar, already reduced in the exercise of billing judgment. Cervantez Decl. ¶ 18. They will also will not seek more than $3,000,000 in expense reimbursements, and will support their application with detailed lodestar information and an accounting of their expenses. Id. ¶ 19. Defendants have agreed not to oppose Plaintiffs’ application
https://s3.amazonaws.com/assets.fiercemarkets.net/public/004...