Show (Reuters) - Boies Schiller Flexner, Hausfeld and other law firms may have to wait a while longer to collect a $667 million fee award for their work leading to a $2.67 billion antitrust settlement with Blue Cross Blue Shield. A handful of class members and companies on Friday filed appeals challenging an Alabama federal judge's August approval of the settlement and fees. Until those appeals are resolved, neither class members nor their attorneys will see any money flow from the settlement, a Boies Schiller spokesperson acknowledged Tuesday. Michael Hausfeld of the Hausfeld firm did not respond to a request for comment. Register now for FREE unlimited access to Reuters.comThe filings from Topographic Inc and Employee Services Inc, New Hampshire resident David Behenna, and Kentucky residents Jennifer Cochran and Aaron Craker did not say why they opposed either the settlement or the attorney payout. The Home Depot Inc has also filed an appeal to the BCBS settlement, but because the company opted out of the damages class, it is not challenging the $2.7 billion amount or the $667 million fee and costs award for attorneys. Home Depot has objected that the settlement could bar the company from bringing future antitrust claims against Blue Cross Blue Shield. The deal resolves allegations that the Blue Cross Blue Shield Association and its licensed members violated federal antitrust laws by dividing up health insurance markets to avoid competing with each other. Behenna, who is representing himself, declined to comment further. During a series of hearings on the BCBS settlement in October 2021, he said he disagreed with how the attorney fees were calculated. Cochran and Craker did not respond to requests for comment on reasons for their appeals, nor did the attorneys representing Topographic and Employee Services. It is unclear how the $667 million will be split among the law firms if the fee award survives the appeal. Even a quarter of that amount would be a major windfall for Boies Schiller, which has suffered significant partner departures since 2020 and saw its revenue fall below $250 million last year for the first time since 2006, according to data from The American Lawyer. The litigation firm has been pressing the antitrust case against BCBS for a decade. According to federal judiciary data, the median time it takes for the federal circuits to resolve appeals following a filing notice is 10.4 months. But challenges to attorney fees can take longer. It has been 11 months since a group of U.S. health insurers asked the U.S. Court of Appeals for the Federal Circuit to scrap a $185 million legal fee award to Quinn Emanuel Urquhart & Sullivan for its work in securing $3.7 billion for class members in Obamacare litigation. The case is still pending. Since 2018, plaintiffs' firm Hagens Berman Sobol Shapiro has seen its fee awards stemming from an antitrust fight over optical disk drives voided twice by the 9th Circuit U.S. Court of Appeals. Last month, a California federal judge awarded the firm $26.6 million in legal fees. Attorneys and other representatives for Blue Cross Blue Shield did not immediately respond to a request for comment. Read more: Boies, Hausfeld among law firms reaping $667 mln windfall in Blue Cross antitrust case Disk-drive antitrust saga over fees ends with $27 mln award Health insurers balk at Quinn Emanuel's 'astronomical' $185 million fee award Register now for FREE unlimited access to Reuters.comOur Standards: The Thomson Reuters Trust Principles. David Thomas Thomson Reuters David Thomas reports on the business of law, including law firm strategy, hiring, mergers and litigation. He is based out of Chicago. He can be reached at and on Twitter @DaveThomas5150. In October 2020, Blue Cross and Blue Shield of Kansas was part of a class action settlement in a case brought by Blue Cross Blue Shield subscribers related to licensing agreements within the Blue Cross and Blue Shield System. While we reject claims made by the plaintiffs in the case, we agreed to provide monetary payments to eligible individuals and groups and to make some operational changes across the Blue Cross and Blue
Shield system. Damages class members may receive notice by email or mail advising them of their rights under the settlement, including how and where they can submit a claim for a settlement payment. You may also see or hear advertising related to the settlement on TV, radio, in print, as well as online. These resources are the best sources of information related to the class action settlement. What happened to the Blue Cross Blue Shield settlement?The companies will pay out $2.67 billion in the antitrust settlement and agreed to change some of their practices. August 17, 2022 - Blue Cross Blue Shield (BCBS) has settled its antitrust litigation related to its practice of allegedly reducing competition between BCBS plans.
How much should I expect from BCBS settlement?The exact number of claims was not available on the website but if, say, 1.5 million people filed valid claims, then the average payment would be $12.66. If 150,000 people filed claims, then the average payment would be $126.60.
Is there really a Blue Cross Blue Shield settlement?A long-running $2.7 billion antitrust settlement against Blue Cross Blue Shield has been finalized in federal court. U.S. District Court Judge R. David Proctor in Alabama handed up the order on Tuesday, with the settlement to go into effect in 30 days.
Is the BCBS settlement email legit?Is the Settlement Legit? First off, the settlement is not a scam. It's the result of a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406 and you can find the court-approved website for it here.
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Blue cross blue shield antitrust settlement website
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