filing_sections: 22

553 document sections with headings and summaries

Data license: Public court records

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section_id	filing_id	heading	summary
22	3	Terms of Agreement (Paragraphs 10-16)	Pohl reviewed Walker, Seymour, and Ladner affidavits and the May 25, 2012 and July 15, 2012 contracts attached to the Complaint. Denies the agreement was a 'barratry agreement.' Agreement provided for hourly fees, retainer, and expenses capped at 21% of LOMAP's 40% interest in the BP representation with Williamson. The percentage-of-fees clause was a ceiling/cap, not an independent promise to pay a percentage. PR Consultants' own Mississippi attorneys reviewed and approved the contracts. Notably, in the Federal Court Lawsuit, PR Consultants themselves alleged payment on hourly-rate basis and denied entitlement to percentage of fees (Exhibit 1-A). The $1,500/hour rate was considered excessive but accepted only because of the percentage cap. PR Consultants wanted to confer with their attorneys before finalizing the agreement and confirmed their attorneys approved the terms.