Class action counsel were entitled to an award of attorneys’ fees where the settlement had created a common fund. The Court discusses various applications to an award of fees, including the lodestar method and the percentage method, and elects to take a hybrid approach which takes into account the reasonableness of the fees under the
Attorney Fees
Byers v. Carpenter, 1998 NCBC 1 (N.C. Super. Ct. Jan. 30, 1998)(Tennille)
By Mack Sperling on
Posted in Attorney Fees
The Court considered an award of attorneys’ fees to attorneys who had been successful in litigation over a merger. It applied factors set out by the North Carolina State Bar in determining the reasonableness of attorneys fees.