Chimicles Loses Bid For $18M Piece Of Adelphia Pie

Law360, New York (October 14, 2010, 6:41 PM EDT) -- A federal appeals court on Thursday denied Chimicles & Tikellis LLP’s request for $17.5 million of $52.4 million in fees awarded to lead counsel firms Abbey Spanier Rodd & Abrams LLP and Kirby McInerney LLP in the settlement of a securities class action against now-defunct Adelphia Communications Corp. and its bank underwriters.

The U.S. Court of Appeals for the Second Circuit affirmed a lower court ruling that denied Haverford, Pa.-based Chimicles’ bid for $17.5 million or one-third of the fees, significantly larger than the $155,610 the...
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