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

In West Virginia, attorneys’ fees in class action settlements are typically paid in two ways. First, the defendant in the case may pay an agreed-upon fee directly to the attorneys representing the plaintiff class. Second, after the court approves the settlement, the settlement agreement may require the defendant to pay an additional sum, known as a “common fund”. This money is then used to cover attorneys’ fees and any other miscellaneous costs associated with the settlement. The amount of the attorneys’ fees in a class action settlement is determined by several factors. Generally, the amount of the attorneys’ fees is determined based on the complexity of the case and the amount of work completed by the attorneys. Other factors, such as the fee arrangement between the attorneys and the plaintiffs, can also be taken into consideration. Once the attorneys’ fees have been agreed upon, they are typically paid out of the settlement funds on a pro rata basis. This means that each class member receives a portion of the attorneys’ fees relative to the size of the compensation they receive from the settlement. The total amount of the attorneys’ fees can be significant, so it is important that the attorneys’ fees portion of the settlement be monitored closely to ensure that all class members receive the appropriate amount of compensation.

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

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