Posted: Oct 14, 2013 10:49 AM
Source: Associated Press
BATON ROUGE - Attorneys representing a parish school board and state teachers union could reap a $20 million reward if they're successful in their lawsuit claiming Louisiana's school funding formula was not correctly passed for three years.
The suit asks for $200 million more in school funding than the state has currently allocated. Under their contract with the St. John the Baptist Parish School Board, attorneys in the case could receive up to 10 percent of any award.
Charles Patin, a lawyer working for the board, says the deal was structured with a percentage payout because the board didn't have cash for an upfront payment.
However, the judge in the case wouldn't be bound by the contractual arrangement if the lawsuit gets class-action status.