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Securities

Oct. 25, 2000

Ruling Weakens Attorney Fee Awards

SAN FRANCISCO - Class counsel may find it harder to win fat fees thanks to a 9th U.S. Circuit Court of Appeals opinion that says a Southern California federal judge abused his discretion by failing to explain why he OK'd a $2.2 million fee award in a securities fraud case.

By John Roemer
Daily Journal Staff Writer
        SAN FRANCISCO - Class counsel may find it harder to win fat fees thanks to a 9th U.S. Circuit Court of Appeals opinion that says a Southern California federal judge abused his discretion by failing to explain why he OK'd a $2.2 million fee award in a securities fraud case.
   &nb...

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