Alright, my AZ power rangers have tabulated the numbers and it's not pretty.
Freeh is claiming that Thonn got $357,002.35 including the accounting reimbursement. So according to Freeh that number was deposited in the Andry Lerner trust account. Here's (what we think) is the breakdown:
Total Award - $357,002.35
Of that Andry Lerner would have taken a 20% fee - $71,400.40
The Coastal Claims Group would have received - $20,182.00
That would put Thonn's net @ - $265,419.95
So the total fee for Andry Lerner (50/50 split with Sutton) would be - $35,700.20
The total referral fee for Lionel Sutton would be - $35,700.20
Ok...now in Freeh's motion here is what he is seeking from each of the four entities:
Thonn: $357,002.35
Coastal Claims Group: $20,182.00
Lionel Sutton: $35,700.20
Andry Lerner: $35,700.20 (not 100% sure about that number)
That would put the total amount Freeh is trying to claw back at: $448,584.75
IF...if...these numbers are correct, Freeh is trying to pull back about $91,000 more than BP actually paid out on the claim.
WTF? That's the first claim he's clawed back and he overshot the amount by $91,000? If this is right you have to ask whether or not the guy even understands the breakdown on individual claims and how the referrals are paid. It actually makes me wonder if these clawbacks aren't being orchestrated under a commission basis...that's just me speculating but if he's overshot the claw back by 91k right out of the gate, this a pretty big deal.
The only thing I can think of is that the claim BP paid was actually $448k and perhaps Andry Lerner took out an extra $91k on the commission which would put their total commission amount at $126,700.20. That's about 35 1/2 % commission if that's what happened. I don't think that's legal and I can't imagine Andry Lerner would be that stupid unless the client agreed to it.
I'm not sure what's going on here but I hope some folks smarter than I can chirp in on the comment section.
Freeh is claiming that Thonn got $357,002.35 including the accounting reimbursement. So according to Freeh that number was deposited in the Andry Lerner trust account. Here's (what we think) is the breakdown:
Total Award - $357,002.35
Of that Andry Lerner would have taken a 20% fee - $71,400.40
The Coastal Claims Group would have received - $20,182.00
That would put Thonn's net @ - $265,419.95
So the total fee for Andry Lerner (50/50 split with Sutton) would be - $35,700.20
The total referral fee for Lionel Sutton would be - $35,700.20
Ok...now in Freeh's motion here is what he is seeking from each of the four entities:
Thonn: $357,002.35
Coastal Claims Group: $20,182.00
Lionel Sutton: $35,700.20
Andry Lerner: $35,700.20 (not 100% sure about that number)
That would put the total amount Freeh is trying to claw back at: $448,584.75
IF...if...these numbers are correct, Freeh is trying to pull back about $91,000 more than BP actually paid out on the claim.
WTF? That's the first claim he's clawed back and he overshot the amount by $91,000? If this is right you have to ask whether or not the guy even understands the breakdown on individual claims and how the referrals are paid. It actually makes me wonder if these clawbacks aren't being orchestrated under a commission basis...that's just me speculating but if he's overshot the claw back by 91k right out of the gate, this a pretty big deal.
The only thing I can think of is that the claim BP paid was actually $448k and perhaps Andry Lerner took out an extra $91k on the commission which would put their total commission amount at $126,700.20. That's about 35 1/2 % commission if that's what happened. I don't think that's legal and I can't imagine Andry Lerner would be that stupid unless the client agreed to it.
I'm not sure what's going on here but I hope some folks smarter than I can chirp in on the comment section.
