Attorneys Seek $23M In Fees In Merrill Class Action

Law360, New York (October 26, 2009, 4:04 PM EDT) -- Counsel for the lead plaintiffs in a class action accusing Merrill Lynch & Co. of misrepresenting its subprime mortgage debt exposure have asked a court to give them 15 percent, or about $23 million, of a $150 million settlement reached in the case.

In a motion filed Friday in the U.S. District Court for the Southern District of New York, Bernstein Litowitz Berger & Grossmann LLP asked a judge to award attorneys' fees of 15 percent of the settlement amount and about $507,000 in expenses. The...
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