Recent News About John D. Burke
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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.
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A Cook County judge ruled it isn't the court's business that Cook County Judge Patrick Sherlock and Sherlock's ex-law partner could collect 7% of the fees under a deal with a law firm headed by Sherlock's father-in-law, for work Sherlock did on the case nearly 20 years ago.
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Current Cook County Judge Patrick Sherlock and his ex-law partner could be poised to receive more than $2 million for their work on a lawsuit that dates back to 2001, unless another Cook County judge agrees to revisit his decision to give a group of plaintiffs' lawyers, including Sherlock's father-in-law, nearly $15M in fees.
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Plaintiffs' lawyers say they should get 30% of $80M award. Defendants say those lawyers' clients are actually only getting $1.9M
