RSL Investors' Attys Nab $2.5M In Lehman Fraud Suit

Law360 (February 24, 2011, 8:40 PM EST) -- Attorneys for RSL Communications Inc. investors won their $2.5 million fee request Wednesday for securing a $6.75 million settlement from Morgan Stanley & Co. and Goldman Sachs Group Inc. in a lawsuit over allegedly misleading research reports Lehman Brothers Holdings Inc. issued.

Judge Shira Scheindlin of the U.S. Bankruptcy Court for the Southern District of New York signed off on the payout to lead plaintiffs' counsel, the Law Offices of Curtis V. Trinko, following a fairness hearing.

The amount includes attorneys' fees equal to one-third of...
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