Atty Fee Award In $219M Madoff Investor Deal OK'd By Judge

Law360, New York (May 10, 2013, 6:46 PM EDT) -- Class action attorneys on Thursday won their contentious bid for a cut of the landmark $219 million settlement with a Bank of New York Mellon Corp.-owned investment adviser and others that investors had accused of pouring client funds into Bernard Madoff's operations despite warning signs about his scam.

New York federal judge Colleen McMahon, who previously approved the settlement in March, on Thursday greenlighted the fee request by private counsel, though she modified their $41 million request by asking to reduce by 25 percent the hours...
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