Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInDelaware to Weigh Who Pays Legal Fees in Corporate Litigation – Law Blog – WSJ
The Delaware legislature is set to vote as soon as this week on a bill to prevent companies from sticking stockholder plaintiffs with corporate legal bills in an effort to deter lawsuits, especially those that routinely follow merger deals. But the U.S. Chamber Institute for Legal Reform, an arm of the U.S. Chamber of Commerce, […]
Madoff Liquidation Legal and Professional Fees Hit $823 Million … and Rising – Compliance Week
The latest report on the Madoff liquidation shows that the total amount of approved legal and other professional fees for the matter now stands at $823.68 million, with over $463 million of that amount going to law firm BakerHostetler. via Madoff Liquidation Legal and Professional Fees Hit $823 Million … and Rising – Compliance Week
Judge OKs $590M Citi Deal But Dings Plaintiffs Lawyers on Fees — The Litigation Daily
U.S. District Judge Sidney Stein in Manhattan granted final approved to Citigroup Inc.’s $590 million settlement with shareholders on Thursday, but not without slashing a $100 million fee request submitted by plaintiffs lawyers at Kirby McInerney. The ruling, which you can read here, is a partial victory for class action reformer Ted Frank, who argued […]
In-house lawyer group objects to $100 mln Citigroup fee
Association of Corporate Counsel sends friend-of-the-court letter to court that is weighing whether to approve the fee.
Gupta Ordered to Reimburse Goldman Sachs $6.2 Million – DealBook
A federal judge on Monday ordered Rajat K. Gupta, a former Goldman Sachs director, to pay the bank more than $6.2 million to reimburse it for legal expenses connected to his insider trading case. Last May, a jury convicted Mr. Gupta, 64, of leaking boardroom secrets about Goldman to the hedge fund manager Raj Rajaratnam. […]
Judge Sends Back $20 Million Settlement to Bank of America Suit
The judge, P. Kevin Castel, voiced clear reservations about the $20 million settlement in a ruling on Friday, concluding that fees requested by the lawyers for the two funds could consume “some, most or all” of the money. The deal was reached last spring, months before two other pension funds in a separate lawsuit negotiated […]
The Lateral Hire That Led to $300 Million in Fees, and Counting – Compliance Week
On Monday, December 15, 2008, a federal court appointed Irving H. Picard as trustee in the Madoff matter. A week later, Picard jumped to a new law firm, Baker Hostetler. Four years later, Baker Hosteler has been paid over $300 million in fees for its work on the case, and it recently sought an additional […]
Judge upbraids class-action lawyers over expenses
A federal judge in Washington state has publicly disciplined two attorneys from a prominent plaintiffs firm for claiming unreasonable expenses while handling a securities class action. U.S. District Judge Justin Quackenbush issued an order of reproval on July 24 against attorney Joy Bull, who, according to the order, resigned as a partner from Robbins Geller […]
Class Action Lawyer and Funder Fees, Australian Style
Shareholders will receive just $101 million of record $200 million settlement in the Centro case.
Goldman Stuck With a Defense Tab, and Awaiting a Payback
With guilty verdict, Goldman may now seek to be reimbursed for legal fees advanced to Gupta.