Indiana § 34-50-1-6 - Attorney's fees and costs

§ 34-50-1-6. Attorney's fees and costs

Sec. 6. (a) If:

(1) a recipient does not accept a qualified settlement offer; and

(2) the final judgment is less favorable to the recipient than the terms of the qualified settlement offer;

the court shall award attorney's fees, costs, and expenses to the offeror upon the offeror's motion.

(b) An award of attorney's fees, costs, and expenses under this section must consist of attorney's fees at a rate of not more than two hundred fifty dollars ($250) per hour and other costs and expenses incurred by the offeror after the date of the qualified settlement offer. However, the award of attorney's fees, costs, and expenses may not total more than five thousand dollars ($5,000).

(c) A motion for an award of attorney's fees, costs, and expenses under this section must be filed not more than thirty (30) days after entry of judgment. The motion must be accompanied by an affidavit of the offeror or the offeror's attorney establishing the amount of the attorney's fees and other costs and expenses incurred by the offeror after the date of the qualified settlement offer. The affidavit constitutes prima facie proof of the reasonableness of the amount.

(d) Where appropriate, the court may order a judgment entered against the offeror and in favor of the recipient reduced by the amount of attorney's fees, costs, and expenses awarded to the offeror under this section (or IC 34-4-44.6-8 before its repeal).

[Pre-1998 Recodification Citation: 34-4-44.6-9.]

As added by P.L.1-1998, SEC.46. Amended by P.L.117-2024, SEC.1.

IC 34-50-2Chapter 2. Annuity Structured Settlements

34-50-2-1"Interested party" 34-50-2-2"Structured settlement" 34-50-2-3"Transfer" 34-50-2-4"Transferee" 34-50-2-5Court approval of transfers required 34-50-2-6Disclosure statements 34-50-2-7Final orders; findings 34-50-2-8Applications for approval of transfers 34-50-2-9Effect of disapproval of transfers; waiver prohibited; unlawful transfers 34-50-2-10Immunity 34-50-2-11Failure to provide disclosure statement as incurable deceptive act