for $40,500 in legal fees
Kennedy got judge to cut others' $96 million bill
By Jeff Smith
Rocky Mountain News
Thursday, October 12, 2006
The California law firm Lerach
Coughlin sought $96 million in legal fees when it engineered a
$400 million shareholder class-action settlement with Qwest
Communications over alleged securities fraud. So how much did
Denver attorney Curtis Kennedy seek when he prevailed in getting
those legal fees slashed to $60 million -- thus providing $36
million more for the shareholders?
Only $40,500. That's the 90 hours Kennedy spent on the case
times his hourly rate of $300 times 1.5, according to a federal
court filing this week.
Kennedy, the attorney for the Association of U S West Retirees,
also is seeking $24,070 in expenses, virtually all of those for
an outside expert's testimony in the case.
Other attorneys might have tried to get a percentage of the $36
"I just think that would be hypocritical after asking the judge
to apply moderation" to the $96 million request by Lerach
Coughlin, Kennedy said.
Lerach Coughlin officials didn't immediately comment.
As recently as 10 days ago, Kennedy indicated he would probably
seek $50,000 for his time. But on Wednesday, he said he went
back through his records to make sure he wasn't charging for his
time to study the history of the case.