Coughlin Stoia Wants $700M From Enron Deal

Law360, New York (November 21, 2007, 12:00 AM EST) -- A class action law firm founded by embattled lawyer William Lerach will seek a $700 million cut of the massive settlement negotiated in the Enron Corp. securities fraud litigation.

The California firm, Coughlin Stoia Geller Rudman & Robbins LLP, told the court Tuesday it would apply for 9.522% of the $7.2 billion deal, making it the largest ever attorneys' fee payout in securities class action history.

Dan Newman, spokesman for the firm, defended the legal bill Wednesday, saying class members would receive a share of the...
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