Lloyd Constantine of Constantine Cannon and his co-counsel asked a judge for more than $600 million in fees and expenses for their work representing plaintiffs in the Visa/MasterCard antitrust litigation (see “$550 million? We’re worth it”, Aug. 22, 2003). He hired two big-name lawprofs, Columbia’s Jack Coffee and Harvard’s Arthur Miller, to draw up expert reports blessing the fees. However, the judge described the request as “absurd” and “fundamentally unreasonable”, instead allowing $220 million. Cue the violins! (Paul Braverman, “A $220 Million Payday”, The American Lawyer, Jan. 20). Incidentally, “before he started the firm, [Constantine] spent eight years at Legal Services Corp. and 11 at the New York state attorney general’s office, where he was in charge of antitrust enforcement”.
Update: Constantine’s antitrust fees
Lloyd Constantine of Constantine Cannon and his co-counsel asked a judge for more than $600 million in fees and expenses for their work representing plaintiffs in the Visa/MasterCard antitrust litigation (see “$550 million? We’re worth it”, Aug. 22, 2003). He hired two big-name lawprofs, Columbia’s Jack Coffee and Harvard’s Arthur Miller, to draw up expert […]
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