Mattel Judge Mulls $24.5M Atty Fee Bid In $98M Investor Deal

By Gina Kim (May 2, 2022, 4:12 PM EDT) -- U.S. District Judge Mark C. Scarsi said Monday he will grant final approval of $98 million in settlements resolving investors' claims that Mattel and PwC misled them by understating an income tax expense, but said he's still considering the class counsel's $24.5 million attorney fee bid.

During a Monday morning hearing, John Rizio-Hamilton, who represents the class and lead investor plaintiffs DeKalb County Employees Retirement System and New Orleans Employees Retirement System, urged Judge Scarsi to approve the fee bid, which he said is 25% of the $98 million deal and consistent with the Ninth Circuit's benchmark for percentage fee awards...

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