{
  "id": 16173077,
  "title": "Exclusive-New Mexico’s outside lawyers could collect up to $1.27 billion in Meta case",
  "url": "https://urgent.news/2026/10/23/exclusive-new-mexicos-outside-lawyers-could-collect-up-to-1-27",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T10:24:44.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/exclusivenew-mexicos-outside-lawyers-could-collect-up-to-127-billion-in-meta-case-4968679"
  },
  "original_language": "en",
  "account": "A recent court victory against Meta Platforms could lead to New Mexico's outside lawyers, DiCello Levitt, collecting up to $1.27 billion in legal fees, according to a Reuters analysis of the state's contract. New Mexico hired DiCello Levitt to represent it in the Meta case, which alleged the tech company deceived users about their access to personal data on Facebook. The state's 2025 contract with DiCello Levitt stipulates that the firm can seek 20% of the first $50 million, 15% of the following $50 million, 10% of the subsequent $150 million, and 5% of any amount surpassing $250 million. New Mexico, among other states, has increasingly relied on private law firms to bolster their legal teams against formidable defendants. While the firm's fees are typically contingent on the outcome, the substantial recovery in this case could result in a massive fee.",
  "summary": null,
  "key_points": [
    "DiCello Levitt could collect up to $1.27 billion in legal fees",
    "New Mexico hired DiCello Levitt for Meta case representation",
    "Contract specifies tiered fee structure based on recovery amount"
  ],
  "editors_take": "The massive potential payout highlights a growing trend of state governments outsourcing high-stakes litigation to private firms to gain the necessary resources to challenge powerful corporate defendants.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Exclusive-New Mexico's outside lawyers could collect up to $1.27 billion in Meta case",
        "url": "https://urgent.news/2026/10/23/exclusive-new-mexicos-outside-lawyers-could-collect-up-to-1-27-16175572",
        "published": "2026-10-23T10:05:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}