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A lawyer who is also a corporate shareholder is not entitled to any fee award in a derivative securities case if he decides to represent himself in lodging an objection, the 3rd U.S. Circuit Court of Appeals has ruled. The ruling was meant to deter attorneys who "may be guided by financial incentives to pursue unnecessary litigation or to provide representation that is not sufficiently guided by objective, rational decisionmaking," according to the court.
July 06, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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