Iowa Office of the Attorney General | Crime Victim Assistance Board Awards Legal Contract to Cooper & Kirk Pllc (September 2024)

Contingency fee: 25% of Gross Recovery up to $10,000,000; 20% of portion between $10,000,000.01 and $15,000,000; 15% of portion between $15,000,000.01 and $20,000,000; 10% of portion between $20,000,000.01 and $25,000,000; 5% of portion exceeding $25,000,000; aggregate contingency fee capped at $50,000,000, exclusive of reasonable costs and expenses

LEGAL

Effective upon execution by both parties (signed by State on 2024-09-30); ends when final court decisions or settlements are reached on all aspects of the Snap, Inc. (Snapchat) Matter; terminable per Section 9.2 with 30/15/60 days’ notice depending on party and cause

Agreement begins upon full execution (State signature dated 2024-09-30) and continues until final court decisions or settlements conclude the Snap, Inc. (Snapchat) Matter. The State may terminate without cause on 30 days’ notice or for cause with 15 days’ cure period; Special Counsel may withdraw on 60 days’ notice. Termination without cause or withdrawal triggers quantum meruit fee and reimbursement of reasonable costs from any Gross Recovery; termination for cause ends the State’s duty to pay for work or costs.

Agreement