Powerful Payday
A settlement with El Paso Corp. includes up to $60 million in fees for plaintiffs' firms.The latest settlement in litigation over California's energy crisis includes tens of millions of dollars in attorney fees to be shared by a handful of politically savvy plaintiffs' firms.
Last week, California Attorney General Bill Lockyer's office announced that Houston-based El Paso Corp. agreed to a settlement worth $1.625 billion in payouts and renegotiated long-term power contracts.
The Recorder has the details here.