Can anyone, a lawyer maybe, explain a bit more about the lodestar analysis and how it is carried out.
So I understand that lodestar it is an analysis undertaken by the court to determine attorneys fees - but how is it regulated? Does the court just take the word of the party seeking funds at face value? Does/can it carry out its own investigations independently? A user on another thread mentioned a recent case where the judge found that a party had been duplicitous in its filing for fees after the lodestar analysis had taken place and that the party was then awarded zero fees as punishment. So let’s say a party has been duplicitous/ untrue/ exaggerated/ outright lied - at what point does the judge and reviewing body investigate that? Will a review of Lively’s request be taking place now or will the judge be waiting for WF’s response?
Thanks in advance!