In examining a proposed $16 million class action settlement between Morgan Stanley and its minority retail brokers, U.S. District Senior Judge Thelton Henderson went out of his way to praise the modesty of plaintiffs lawyers' 10 percent fee request -- well below the 9th Circuit benchmark. Nonetheless, Henderson postponed signing off on the deal. Instead, he ordered an evidentiary hearing to delve into just how involved name plaintiffs were in the settlement negotiations.
July 10, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
U.S. District Senior Judge Thelton Henderson doesn’t think plaintiffs attorney James Finberg is greedy.
Far from it: In examining a proposed $16 million class action settlement between Morgan Stanley and its minority retail brokers, the Northern District of California judge went out of his way to praise the modesty of plaintiffs lawyers’ 10 percent fee request — well below the 9th Circuit benchmark.
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