Quinn Emanuel’s Juicy Obamacare Fee Tests Litigation Insurers

Welcome back to the Big Law Business column. I’m Roy Strom, and today we look at a pivotal case for the burgeoning litigation insurance market. Sign up to receive this column in your Inbox on Thursday mornings.

Everybody looked like a winner in Quinn Emanuel Urquhart & Sullivan’s long-running class-action over Obamacare payments—until January.

The firm in 2020 had won $3.7 billion for more than 150 health insurers stiffed when Congress decided not to pay them for offering risky Obamacare policies. Quinn Emanuel itself received a $185 million fee the following year for its work.

Then in January, the ...