Grant & Eisenhofer Sued Over Fees In $3B Tyco Deal

Law360, New York (August 3, 2010, 7:27 PM EDT) -- Grant & Eisenhofer PA has been hit with a malpractice putative class action alleging it stole money from clients when it was awarded fees in Tyco International Ltd.'s $3.2 billion securities settlement.

The suit, filed Tuesday in the U.S. District Court for the District of Delaware, accuses the firm and co-managing director Jay W. Eisenhofer of stealing “hundreds of millions of dollars” from clients as part of the nearly $500 million fee award granted to the firm and other plaintiffs' attorneys.

The fee award came out...
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