Lawyers in Quebec class actions seek $906M in fees for work in landmark tobacco case [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Spokespeople for counsel in one of the lawsuits say documents were filed in court Friday requesting approval for a notice that would be sent to the class-action members about the payment being sought for more than 175,000 hours of work. The move comes a day after lawyers said the companies' creditors, including representatives for the class-action plaintiffs, approved a proposed settlement that would see the companies pay out a total of $32.5 billion. More than $4 billion is earmarked for the plaintiffs in the lawsuits, and the payment requested by their lawyers represents 22 per cent of that sum. The proposed deal announced in October would also see the companies — JTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. — pay out more than $24 billion to provinces and territories and more than $2.5 billion to Canadian smokers not included in the lawsuits. The proposal cleared a significant hurdle Thursday but must still obtain the court's approval bef
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