Plaintiffs’ lawyers in AT&T class actions win $59 million legal fee award
Reuters2026/10/05 16:55By Mike Scarcella WASHINGTON, Oct 5 (Reuters) - A federal judge has approved $59 million in legal fees for lawyers who negotiated $177 million in class action settlements with AT&T T.N over data breaches in 2024 that exposed the personal information of tens of millions of customers. Here are the details: US District Judge Sidney Fitzwater in Dallas said the settlements were fair and approved them on Friday over objections to the scope of AT&T's payments and the lawyers' fees One group of lawyers, including Houston-based Mark Lanier, were awarded $49.7 million, and a second group will receive $9.3 million Eligible customers can receive up to $2,500 or $5,000 from the settlements The deals faced dozens of objections, including that AT&T's agreement paled in comparison to a $350 million settlement in related data-breach litigation against T-Mobile Some objectors also claimed that AT&T negotiated with the least effective attorneys in order to secure a weak settlement in a so-called reverse auction. The plaintiffs' lawyers have defended the settlement and denied the claim Law firms BakerHostetler and Skadden Arps represented AT&T, which denied any wrongdoing in agreeing to settle. The company did not immediately respond to a request for comment Read more: Rival lawyers clash over fees after $2.8 billion Blue Cross settlement Judge in Google privacy class action awards lawyers $147 million in legal fees Law firm Motley Rice's fee for Meta case in New Mexico could top $67 million (Reporting by Mike Scarcella)
By Mike Scarcella
WASHINGTON, Oct 5 (Reuters) - A federal judge has approved $59 million in legal fees for lawyers who negotiated $177 million in class action settlements with AT&T T.N over data breaches in 2024 that exposed the personal information of tens of millions of customers.
Here are the details:
US District Judge Sidney Fitzwater in Dallas said the settlements were fair and approved them on Friday over objections to the scope of AT&T's payments and the lawyers' fees
One group of lawyers, including Houston-based Mark Lanier, were awarded $49.7 million, and a second group will receive $9.3 million
Eligible customers can receive up to $2,500 or $5,000 from the settlements
The deals faced dozens of objections, including that AT&T's agreement paled in comparison to a $350 million settlement in related data-breach litigation against T-Mobile
Some objectors also claimed that AT&T negotiated with the least effective attorneys in order to secure a weak settlement in a so-called reverse auction. The plaintiffs' lawyers have defended the settlement and denied the claim
Law firms BakerHostetler and Skadden Arps represented AT&T, which denied any wrongdoing in agreeing to settle. The company did not immediately respond to a request for comment
Read more:
Rival lawyers clash over fees after $2.8 billion Blue Cross settlement
Judge in Google privacy class action awards lawyers $147 million in legal fees
Law firm Motley Rice's fee for Meta case in New Mexico could top $67 million
(Reporting by Mike Scarcella)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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The Shopify Stock Rally Isn't Done: Chart of the Week -- Barrons.com
By Doug Busch Shopify is no longer a pandemic-era growth story that simply failed to slow down. It is compounding at a pace few software platforms its size still manage. In the second quarter of 2026, sales on its platform rose 32%. That was the fifth straight quarter of growth exceeding 30%. Merchants are also using more of Shopify's own tools, from payments to Shop Pay, and new channels like AI shopping agents are starting to increase demand. The simple bull case is that the stock already commands a huge share of independent online commerce, and that position should become more valuable as more buying moves through its checkout. A rule of market mechanics is that the vast majority of an individual security's gain is driven by its underlying sector. Within technology, software has staged a robust recovery, joining semiconductors to power the broader sector higher. The iShares Expanded Tech-Software Sector ETF has maintained an upward trajectory since its mid-April lows, though the advance from $74 to $112 has been choppy as bulls repeatedly stepped in to defend when necessary. Breadth across large-cap software has expanded significantly, with 24 constituents surging over 20% over the past three months. During that same three-month window, Shopify generated outstanding relative strength, advancing 36%, more than doubling the IGV's 17% gain over the same period. Expect the stock's outperformance to persist as software momentum broadens. Let's examine the daily and monthly charts to outline the technical drivers behind this thesis. Looking at the daily chart, the ratio chart against the IGV shows persistent outperformance extending back to mid-May. The stock is riding an eight-session winning streak, during which price action cleared a double-bottom-with-handle pivot at $151.39. Within this broader base, the stock recorded a bullish golden cross in late August and successfully filled its Sept. 10 price gap, tracing back to its Aug. 4 session, the day before a powerful earnings reaction sent the stock surging 17% hi