How are attorneys’ fees paid in a class action settlement?

In a class action settlement, attorneys’ fees are paid differently depending on the case. In New York, courts decide how much the attorneys’ fees should be in a settlement by reviewing the case and its details. This amount is generally based on the amount of work the attorneys put into the case, how long it took, and how much of a settlement was obtained for the plaintiff. The court can either decide that the attorneys’ fees will be paid out of the settlement figure or it can award attorneys’ fees separately from the settlement amount. This is usually done when the parties agree to a settlement that does not provide for the payment of attorneys’ fees. In either case, the court will decide upon the amount of attorneys’ fees and the plaintiff may be required to pay a portion of it out of their settlement amount. The court-ordered fee amount will be divided among the attorneys involved in the case and the client may have to pay any attorneys’ fees that are not covered by the settlement. In New York, the court has the authority to set a maximum amount of attorneys’ fees in a class action settlement. This means that even if the attorneys work hard, they will be limited in the amount they can charge. It is important for anyone pursuing a class action to understand the terms of their settlement and the amount of attorneys’ fees associated with it.

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How are attorneys’ fees paid in a class action settlement?

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