Read the ruling here.
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DALLAS — A federal court in Texas ruled that attorneys who won a $33 million settlement for the shareholders they represented in a securities fraud class action may not enjoy a 1.9x multiplier on their fees. The court likened adding the request for a multiplier to the attorneys cartoonishly “ankle-shaking” money out of their own clients’ pockets.
Read the ruling here.
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.