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Schering-Plough Litigation Settles for $165 Million
Court approves $165 million settlement, including $37 million in attorneys’ fees.
American Italian Pasta Sues Former CEO to Recover $2 Million in Legal Fees
After former CEO’s guilty plea, company sues for $2 million in advanced legal fees.
$37 Million and Counting Paid to Madoff Trustee, Firm
Fees awarded to Madoff trustee now total $37.5 million.
Court-Appointed Examiner Slams Stanford Receiver on Fee Request
The hits just keep coming on Ralph Janvey, the court-appointed receiver in the Stanford case.
Mark Cuban Seeks Attorneys’ Fees Following Dismissal of SEC Action
Cuban seeks fees arguing SEC’s case was “wholly unsupported” from the start.
Court Awards $65 Million in Attorneys’ Fees in UnitedHealth Settlement
In an order filed yesterday, U.S. District Judge James Rosenbaum (D. Minn.) approved the $925 million UnitedHealth settlement related to options backdating. The court also awarded plaintiffs’ counsel $65 million for its work on the case, significantly less than the $110 million sought. Lead counsel Coughlin Stoia had asked the Court to award attorneys’ fees [...]
Attorneys Seek $110 Million in Fees in UnitedHealth Group Options Backdating Settlement
Attorneys for shareholders of UnitedHealth Group (UNH) have requested attorneys’ fees of $110 million in connection with the recent $925.5 million settlement of a lawsuit alleging improper backdating of stock options. The Star Tribune reports that UnitedHealth agreed in July to pay $895 million to settle the suit, and former CEO William McGuire agreed two [...]
Court in Xerox Securities Class Action Settlement Awards $120 Million in Attorneys’ Fees
On January 14, Judge Alvin W. Thompson of the U.S. District Court in Connecticut awarded plaintiffs’ counsel $120 million in attorneys’ fees, plus $3.3 million in costs, in the securities class action settlement in the Xerox case. The Connecticut Law Tribune reports that the award relates to the $750 million settlement that Xerox agreed to [...]
Court Approves Attorneys’ Fees of 15% in $303 Million GM Settlement
U.S. District Judge Gerald Rosen (E.D. Mich.) today approved a 15% legal fee ($45 million) in the $303 million settlement in the securities class action against General Motors Corp, the AP reported. Attorneys for the class had initially requested 19%, but that request was met with an objection from the Pennsylvania State Employees’ Retirement System [...]
Reserve Primary Fund Threat “Ices” Shareholder Claims
The Reserve Primary Fund, the money market fund that “broke the buck” and quickly became a defendant in numerous securities class actions, has presented its litigious shareholders with a choice: be patient and perhaps receive 98.5 cents for each dollar they had in the money market fund; or continue with their lawsuits against the fund [...]