Massive IPO Securities Litigation Comes To An End

Law360, New York (December 15, 2009, 7:01 PM EST) -- Bringing an end to legal wrangling that has gone on since 2001, final judgments have begun to materialize in the initial public offering securities litigation, hundreds of cases brought against banks by investors who claimed IPOs in the 1990s tech bubble had been rigged.

The end of the litigation comes with a 33 and 1/3 percent payday for plaintiffs' lawyers — some $195 million — according to an order and final judgment filed Monday by Judge Shira Scheindlin in the U.S. District Court for the Southern...
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