According to an irate federal judge, jailed plaintiffs lawyer William Lerach just helped his former colleagues lose about $45 million in fees. Yet the judge still awarded Coughlin Stoia $65 million for its work on a class action against UnitedHealth Group. Approving a $925 million settlement against UnitedHealth in possibly the largest backdating securities class action payout ever struck, U.S. District Judge James Rosenbaum said Lerach neglected to inform the court of his role in the Milberg Weiss debacle.
August 12, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
According to one very irate federal judge in Minnesota, jailed plaintiffs lawyer William Lerach just helped his former colleagues lose about $45 million in fees.
Yet the judge still awarded Coughlin Stoia Geller Rudman & Robbins a hefty $65 million for its work on a securities class action against UnitedHealth Group.
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