Pete Sessions: “I am glad to answer that. First of all, if we don't cap it at $4,000 an hour, we are likely to end up as in Texas at…”

“I am glad to answer that. First of all, if we don't cap it at $4,000 an hour, we are likely to end up as in Texas at $92,000 an hour. A judge has approved that fee in Texas. It is going to go through. So certainly this is better than nothing. No. 2, the fee is capped at $4,000 an hour. A judge must consider the skill, the expertise, the commitment, and the value of the contribution of that attorney. Some flunky in the firm isn't going to be paid $4,000 an hour. The lead lawyers, the ones who have demonstrated the greatest skill and leadership and effectiveness, would have the opportunity to reach that high but no higher. So it is certainly a step in the right direction and preferable to nothing, although, as you well know, I was very supportive of the $1,000-per-hour cap.”