A bitter battle is brewing over an unusually large compensation request from a class member in the SAC Capital civil case. The latest filing, on behalf of David Kaplan by Wohl & Fruchter, paints the scenario in David-versus-Goliath proportions, with Kaplan playing the protagonist to Steven A. Cohen‘s late firm.
The $135 million settlement never would have occurred without Kaplan’s efforts to organize class members after the conviction of a former SAC portfolio manager of insider trading, the attorneys for the class argue.
