I haven’t seen anything to update my initial reaction here. I’m cautious about applying to any other organization because I can’t be giving anyone legal advice.
I’d add that almost all other potential clawbacks are metaphorically classified as relatively small potatoes (using the threshold amount at which the proposed settlement must be publicly filed on the open docket as the dividing line for small vs. midsize potatoes). Many are at least an order of magnitude under the small-potatoes threshold. I expect the estate’s willingness to litigate those cases with its $2000-per-hour lawyers, or even junior associates billing more like $750-$1000 per hour, will be significantly lower than it would have been with EV, and that might be reflected in the deals that were offered. I have no inside info, though.
I haven’t seen anything to update my initial reaction here. I’m cautious about applying to any other organization because I can’t be giving anyone legal advice.
I’d add that almost all other potential clawbacks are metaphorically classified as relatively small potatoes (using the threshold amount at which the proposed settlement must be publicly filed on the open docket as the dividing line for small vs. midsize potatoes). Many are at least an order of magnitude under the small-potatoes threshold. I expect the estate’s willingness to litigate those cases with its $2000-per-hour lawyers, or even junior associates billing more like $750-$1000 per hour, will be significantly lower than it would have been with EV, and that might be reflected in the deals that were offered. I have no inside info, though.