Law Practice
May 9, 2012
When the client is an absent class, expenses can run high
Fee and expense applications have come under scrutiny after a judge threatened sanctions against a San Diego firm. But experts say there are few guidelines for approving firms' request and judges have the final say.
Daily Journal Staff Writer
After seven years of litigating a case against Apollo Group Inc. for allegedly misleading investors, the class members won a $145 million settlement - until their lawyers took home more than a third of the sum.
An Arizona federal judge approved that $50 million payday for securities firm Barrack, Rodos & Bacine last month.
The size of the legal fees raised some eyebrows - one objector ...
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