Do shareholder plaintiffs lawyers deserve some credit for forcing the resignations of ex-Citigroup CEO Vikram Pandit and another bank executive last October? If so, they're not getting any from the federal judge in Manhattan who presided over a short-lived say-on-pay class action against Citi's board.
Southern District Judge J. Paul Oetken (See Profile) on Tuesday shot down what he called a "farfetched" attempt by plaintiffs attorneys to wrangle $6 million in fees for their work on the case, which was filed just two days after Citi became the first bank to see its executive pay plan rejected by a shareholder say-on-pay vote.
