Court Overturns Fee Ruling In Milberg Weiss-Led Suit

Law360, New York (October 12, 2007, 12:00 AM EDT) -- In a rare boost for Milberg Weiss Bershad & Schulman LLP, an appeals court has ruled that the disgraced plaintiffs’ firm may have actually been underpaid for its services as lead counsel in a multimillion dollar securities class action that was settled last year.

In a decision handed down Friday in the U.S. Court of Appeals for the Seventh Circuit, a two-judge panel ruled that a district court failed to approximate what the market would have paid the famed plaintiffs’ firm had the firm negotiated its...
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