Technology,
Civil Litigation
Feb. 22, 2021
Class counsel’s $41M in attorney fees is OK’d in Snapchat case
The attorneys who helped broker the $154.6 million settlement of an investors’ lawsuit against Snap Inc. said they were entitled to 25% of that amount, plus $2.39 million in interest.
A federal judge approved $41 million in attorney fees for class counsel who negotiated a $154 million settlement with Snapchat Inc. in a securities fraud case.
The class counsel are Kessler Topaz Meltzer & Check LLP in San Francisco, Rosman & Germain LLP in Encino, The Schall Law Firm and Larson LLP in Los Angeles. Kessler Topaz was lead counsel. The attorneys who helped broker the $154.6 million deal maintained they were e...
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