Law firm Motley Rice’s fee for Meta case in New Mexico could top $67 million
Law firm Motley Rice could potentially earn up to $67.1 million in legal fees from New Mexico following a judge's ruling that Meta Platforms contributed to social media addiction and other harms caused by its platforms, according to a Reuters analysis of a state contract. In June, a judge ordered Meta to pay $567 million, while a jury awarded $375 million in civil penalties in March, bringing the state's potential recovery to over $942 million.
The contract stipulates that Motley Rice may be entitled to 20% of the first $50 million of the state's recovery, 15% of the next $50 million, 10% of the following $100 million, and 5% of any amounts exceeding $250 million. If New Mexico ultimately recovers the full $942 million, Motley Rice could seek an award of $67.1 million, which would amount to 7% of the total recovery.
The contract indicates Motley Rice must formally request court approval for fees, to be filed after any appeals have been resolved. The contract is set to expire in 2028 and covers Motley Rice's work for New Mexico on social media's impact on mental health and related issues.
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