On December 11, Harvard law professor William Rubenstein filed a 47-page report with the Court detailing his recommendations regarding attorney fees as he’d been commissioned to do in September. His recommendations consisted of (1) Denying the 5% holdback from all approved awards to fund future implementation work on the settlement as requested by Co-Lead Class Counsel Chris Seeger, and (2) Capping individual attorney fees at 15%. The professor’s report appeared well reasoned and presented, but as pointed out in the 12 responses, he seemed to lack some critical information when he prepared the it, including correct actuaries on player demographics and anticipated awards as well as the immense difficulty in getting claims approved. Since Professor Rubenstein is a highly intelligent man, several attorneys have indicated to me that they wonder how he could have been shielded from current and pertinent information on which they feel would have changed the recommendations of the report.
Tag: William Rubenstein
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