Having forced Charles Schwab to the settlement table in an investor fraud suit, plaintiffs firm Hagens Berman will be compensated nicely. A federal judge has given preliminary approval to two deals that would furnish $235 million to class members. Of that, Hagens Berman will reap about $20 million: 8 percent of the $200 million set aside for federal claims, and 11 percent of $35 million to resolve the state law claims.
May 27, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Having forced Charles Schwab to the settlement table in an investor fraud suit, plaintiffs firm Hagens Berman will be compensated nicely.
U.S. District Judge William Alsup has given preliminary approval to two deals that would furnish $235 million to class members. Of that, Hagens Berman will reap about $20 million: 8 percent of the $200 million set aside for federal claims, and 11 percent of $35 million to resolve the state law claims.
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