LAWSUITS NEWS & LEGAL INFORMATION
Contingency Money
Los Angeles, CA: (Mar-13-08) Attorneys from Dallas-based Baron & Budd P.C., San Francisco-based Sher Leff LLP and Sacramento-based Miller, Axline & Sawyer brought a lawsuit against the city of Santa Monica, alleging that it failed to pay them contingency fees. Court documents reveal that the city sued the attorneys in 2004, in a bid to invalidate a contingency-fee contract negotiated by the city attorney and approved by the City Council.
Sources close to the case stated that the attorneys recovered $252 million from several oil companies in 2002. The deal included $120 million in cash and a $130 million water-treatment facility. The suit claimed that the city originally retained the three different firms on a contingency fee basis after discovering the drinking water supply was contaminated with the petroleum additive methyl tertiary butyl ether.
Sources said that in a recent move, the city agreed to resolve the four-year-long suit with a $55 million payout to the three firms. Legal counsels for the attorneys said that the settlement vindicated their clients for the excellent legal work they performed for the city. [LOS ANGELES BUSINESS JOURNAL: SANTA MONICA SETTLES LAWYER DISPUTE]
Published on Mar-15-08
Sources close to the case stated that the attorneys recovered $252 million from several oil companies in 2002. The deal included $120 million in cash and a $130 million water-treatment facility. The suit claimed that the city originally retained the three different firms on a contingency fee basis after discovering the drinking water supply was contaminated with the petroleum additive methyl tertiary butyl ether.
Sources said that in a recent move, the city agreed to resolve the four-year-long suit with a $55 million payout to the three firms. Legal counsels for the attorneys said that the settlement vindicated their clients for the excellent legal work they performed for the city. [
Legal Help
If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.Published on Mar-15-08
