fbpx
News
January 11, 2016

Plaintiffs’ Lawyers, Some Funds, Reaping Windfall from Record Bank Settlement

“Several hedge funds and other big credit investors are in line for payouts of tens of millions of dollars” from a $1.9 billion settlement by a dozen large banks over allegations of credit derivatives trading.

The banks admitted no wrongdoing as part of the settlement.

“The plaintiff law firms, Quinn Emanuel Urquhart & Sullivan LLP and Pearson, Simon & Warshaw LLP, plan to file with the court for fees of up to 14% of the total pot, some people said,” according to the Wall Street Journal.

Read the full story here.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings