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A state appeal court has reversed a $5 million fee award to the Lerach firm and two others, ordering a trial judge to recalculate the figure. The case stems from a 1995 suit against BankAmerica Corp. While that case was pending, attorneys for Milberg Weiss, now with San Diego's Lerach Coughlin, filed a shareholder's derivative action against former members of the bank's board of directors. No money was awarded, but Lerach and two other firms were granted $5 million in fees.
February 07, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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