Latimer Levay Fyock Llc
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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 federal judge has given the nod to allow a group of plaintiffs to move forward with a class action lawsuit, potentially involving 2 million additional plaintiffs, claiming a web company that generates "leads" for the insurance industry used deceptive practices to lure customers.