BofA Lawyers Win $19M in Extra Attorney Fees

     (CN) – A federal judge in Manhattan awarded more than $19 million in additional attorney fees to lawyers for Bank of America, on the heels of a $411 million judgment against AEP Energy Services Gas Holding Co.

     The dispute arose over natural gas used to securitize a natural-gas financing deal.
     U.S. District Judge Thomas P. Griesa noted it was a lengthy and difficult litigation with proceedings in Texas federal and state courts and federal court in New York.
     After receiving $31 million, the bank’s lawyers asked the judge for additional compensation due to the plethora of claims and counterclaims.
     “The court has decided to allow recovery of fees not only for work in federal court actions, but also in the Texas state court action to the extent that the latter work was used to advance the counterclaims in the federal court litigation,” Judge Griesa wrote.
     The judge said the fees requested were based on “enormously detailed descriptions of work carried out.”
     He added: “The court has personally observed the work of the attorney’s on both sides in the New York phase of litigation. This is not a situation of a claim for fees based on early settlement. This case was fought to the bitter end.”

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