Securities
Mar. 4, 2011
Countrywide Fees a Sign of the Times
When a judge approved the final Countrywide shareholder settlement last Friday, plaintiffs' lawyers stood to see 7.7 percent of the total recovery in the case. Experts said its part of a nationwide downturn in such fees.
By Gabe Friedman
Daily Journal Staff Writer
LOS ANGELES - As dozens of major investors were clawing their way out of a $624 million shareholder settlement with Countrywide Financial last fall, plaintiffs' lawyers at Labaton Sucharow LLP scrambled to preserve the deal they'd crafted - including $47.3 million in attorney fees.
By the time a federal judge approved the final Countrywide settlement on Friday, Labaton Sucharow shaved nearly ...
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