Boies, Lawyers Suing Blue Cross to Receive $667 Million Fee (1)

A federal judge has signed off on a $667 million fee for the lawyers who spent nine years crafting a $2.67 billion antitrust settlement with health insurance plans offered by Blue Cross Blue Shield.

The final settlement was approved Tuesday by federal judge R. David Procter, who said the legal fee was reasonable and represented 25% of the award for health insurance purchasers. The health insurance company also agreed to stop business practices the litigation argued were designed to limit competition between various Blue Cross Blue Shield health plans.

The case was mainly shepherded by lawyers at Boies Schiller Flexner ...