$2M Attys' Fee Bid Junked In Wells Fargo Mortgage Suits

Law360, New York (June 17, 2013, 3:51 PM EDT) -- A California federal judge Friday significantly shrank a $1.8 million attorneys' fee request for Wells Fargo & Co. and now-defunct Wachovia Corp. investors, finding that work involved in two shareholder derivative suits over subprime mortgages warranted less than half of the amount requested.

U.S. District Judge Yvonne Gonzalez Rogers pared down the request to $500,000, saying that the nonmonetary settlement of two suits connected to Wachovia's dealings in subprime mortgages and its 2006 acquisition of Golden West Financial Corp. did not exceptionally benefit shareholders or require...
To view the full article, register now.




Case Information

Case Title

Rogers v. Thompson et al

Case Number



California Northern

Nature of Suit

Stockholders Suits


Yvonne Gonzalez Rogers

Date Filed

January 11, 2012

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.