Car Insurance Class Action Lawyers’ $920K Fee Deemed Reasonable

Counsel for a class of Florida residents who reached a $2.8 million settlement of claims that Permanent General Assurance Corp. shorted them on refunds for canceled policies should be awarded $920,000 in fees, a federal magistrate judge said.

The attorneys’ fee award would be in addition to the underlying settlement. The fee award is reasonable because counsel spent more than 1,633 hours prosecuting the case, and class counsel took the case on a contingent basis, “which came with substantial risk,” US Magistrate Judge William Matthewman of the US District Court for the Southern District of Florida said Jan. 13.

Adding …

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