Christopher D. Liguori
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New filings: $80M judgment, $15M legal fees should be axed, because settlement cost plaintiffs standing in 20-year-old case
The settlement effectively means the named, individual plaintiffs will gain nothing from the so-called derivative action on behalf of investment partnerships, so there is no longer any justification for a judgment that would net a group of lawyers, which could include a sitting Cook County judge, $15 million in fees, the defendants argue.