ACTION ITEM:

Approval of Mehr Fairbanks & Peterson Trial Lawyers, PLLC Amended Agreement.

FACTS:

Mehr Fairbanks & Peterson Trial Lawyers, PLLC (the firm) represents KSU in connection with three lawsuits the firm filed on KSU's behalf against KSU's former insurance carrier for breach of contract and bad faith. Before initiating these lawsuits, KSU and the firm entered into a contingent fee agreement. Since entering into that fee agreement, state law has changed regarding the terms that can be included in the agreement.

KSU now seeks to amend the agreement to bring the agreement in compliance with state law.

BUDGETARY IMPLICATIONS:

None

RECOMMENDATION:

Attorney Lang recommends that the Board of Regents approve the Mehr Fairbanks & Peterson Trial Lawyers, PLLC Amended Agreement.

MOTION:

Approve the Mehr Fairbanks & Peterson Trial Lawyers, PLLC Amended Agreement.

Finance and Administration