L&D Investments, Inc. v. Antero Resources Corp. (Signed Opinion)
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The Supreme Court held that the circuit court erred by denying Petitioners' counsel's request for an attorney fee and costs pursuant to the common fund doctrine in the underlying lawsuit involving a quiet title action and concomitant claim for unpaid and gas royalties, holding that the circuit court erred.
The underlying lawsuit ultimately resulted in two separate monetary settlements, one for the benefit of Petitioners and one for the benefit of a separate group of individuals whose interests were wholly aligned with Petitioners' interests but with whom Petitioners' counsel had not been able to establish contact. At issue was whether counsel was entitled to payment of attorney fees and costs from the separate settlement fund he negotiated with the second settlement, despite the fact that counsel had no contractual relationship with those individuals. The Supreme Court reversed, holding that counsel was entitled under the common fund doctrine to require the beneficiaries for whom he was not acting by agreement to contribute to the "reasonable and necessary expense" of securing the common bond for their benefit.
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