Opinion ID: 779517
Heading Depth: 3
Heading Rank: 6

Heading: The May 5, 2000 Order

Text: 25 Plaintiffs' counsel moved to amend the September 1999 order, requesting, among other things, interest on the amount awarded to compensate for the delay in payment. Although the district court declined to award interest, it amended the payment plan that it had earlier established. The court determined that the entire attorney's fee award should be deducted from the initial settlement fund rather than from both the initial payments to agents as well as future payments. This change in payment method, the court concluded, effectively moot[ed] class counsel's motion for interest on the portion of its fees that under the court's prior order were to be paid in the future. The court explained that there was no need to compensate counsel for the delay in payment because the generous hourly rate applied in calculating the fee award sufficiently compensates counsel for delay between the date of settlement and the award of fees and represents counsel[']s current rates. Plaintiffs and their counsel timely appealed from this final order regarding attorney's fees and costs. 4