12-U.S.C.-4241

12-U.S.C.-4241

§4241 – Authority to Enter Into Contracts For Private Counsel

Pathway

Title 12 > Chapter 43 > Subchapter III > Section 4241

Details

  • Reference: Section 4241
  • Legend: §4241 – Authority to Enter Into Contracts For Private Counsel
  • USCode Year: 2013

Provision Content

(a) In general

The Attorney General may enter into contracts retaining private counsel to furnish legal services, including representation in investigation, negotiation, compromise, settlement, litigation, and execution of judgments in the case of any civil action referred to in section 4201 of this title or section 4225 of this title.

(b) Terms and conditions

Each contract under subsection (a) of this section shall include the provisions described in section 4244 of this title and such other terms and conditions as the Attorney General considers necessary and appropriate to protect the interests of the United States.

(c) Limitation of fee

The amount of the contingency fee payable for legal services furnished under a contract described in subsection (a) of this section shall not exceed the contingency fee that counsel engaged in the private practice of law in the jurisdiction wherein the legal services are furnished typically charge clients for furnishing the same or comparable legal services.

(d) Contingent fees

Notwithstanding section 3302(b) of title 31, a contract under this section shall provide that a fee that the United States pays private counsel for services is payable from the amount recovered and shall be based on a percentage of the civil penalties or assets recovered.

(Pub. L. 101–647, title XXV, §2588, Nov. 29, 1990, 104 Stat. 4905.)

U.S. Encyclopedia of Law Coverage

12-U.S.C.-4223 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-4223, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-4212 in the Legal Encyclopedia: Bank Fraud

In this entry about 12-U.S.C.-4212, find legal reference material, bibliographies and premiere content related to bank fraud in the American Encyclopedia of Law, presenting a comprehensive view of the United States bank fraud-specific issues, written by authorities in the field.

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