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...
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