Citi Investors In $590M MBS Suit Rip Subclass' Fee Bid

Law360, New York (August 15, 2013, 2:44 PM EDT) -- The lead counsel for investors in a $590 million class action targeting Citigroup Inc. over alleged lies about its exposure to toxic mortgage-backed securities on Wednesday blasted a $2 million request for attorneys’ fees from counsel for in-house investors, saying the amount is clearly excessive.

Kirby McInerney LLP said the bid for $2 million in fees from Wolf Haldenstein Adler Freeman & Herz LLP and Lovell Stewart Halebian Jacobson LLP, which represent a group of current and former Citigroup employees who invested in the bank’s Voluntary...
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