Law Firm Hit Over $2.7M Cy Pres Award In 8th Circ.

Law360, New York (September 5, 2013, 6:19 PM EDT) -- Attorneys who helped a class of NationsBank Corp. investors secure a $333.2 million settlement over an allegedly botched merger with Bank of America Corp. should not be allowed to give part of that money to charity, a NationsBank investor told the Eighth Circuit on Wednesday. 

Class representative David P. Oetting urged the appeals court in a Wednesday brief to overturn Green Jacobson PC's successful petition to distribute $2.7 million remaining in the settlement fund to Legal Services of Eastern Missouri Inc., a St. Louis-based charity that...
To view the full article, register now.




Case Information

Case Title

In Re: BankAmerica Corp, et al

Case Number



Missouri Eastern

Nature of Suit



Carol E. Jackson

Date Filed

February 12, 1999

Law Firms


Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.