Securities
Jun. 10, 2011
Myspace Settlement Faces Challenge
Plaintiffs' lawyers who eeked out a $45 million settlement for former Myspace investors in a long-running securities class action could see $13 million in fees, unless objectors get in the way.
Daily Journal Staff Writer
LOS ANGELES - Plaintiffs' lawyers who eked out a $45 million cash settlement for former MySpace investors in a long-running securities class action are positioned to grab nearly a third of the pie. But to see their payday, lawyers at Robbins Geller Rudman & Dowd LLP must persuade U.S. District Judge George H. King to brush aside new objections from some class members who say the settlement is "hig...
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