Financial Crisis Was Windfall For Top Plaintiffs Firms

Law360, New York (September 10, 2013, 8:00 PM EDT) -- Plaintiffs firms including Bernstein Litowitz Berger & Grossmann LLP and Kessler Topaz Meltzer & Check LLP have been awarded nearly $550 million in fees from the 10 largest securities class action settlements related to the financial crisis, a review of federal court documents shows.

The 10 largest securities class action settlements stemming from the crisis have produced a total of more than $6.8 billion in court-approved settlement funds, according to data from Institutional Shareholder Services Inc. and Law360’s own review of court filings. Of that amount,...
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