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Sunday, June 30, 2024 | Back issues
Courthouse News Service Courthouse News Service

Attorney fees admonishment

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.

Categories / Briefs, Courts, Law, Securities

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