Magistrate Approves Fees In Data Breach Case Despite Initial, Inflated Calculation

( August 15, 2024, 8:25 AM EDT) -- BROOKLYN, N.Y. — A federal magistrate judge in New York has granted a plaintiffs’ motion for attorney fees and costs following a $626,985.58 settlement in litigation over a data breach, ruling that although the plaintiffs’ initial calculation was “inflated,” the fees sought were “reasonable” based on other factors including the value of the multiplier applied to a recalculated amount of hours and billing rates, often referred as a “lodestar.”...