Class Counsel Gets $7.3M In Fees For AIG ERISA Case

Law360, New York (October 9, 2008, 12:00 AM EDT) -- After more than three years of litigation and multiple mediation sessions, an Employee Retirement Income Security Act class action against American International Group Inc. in New York has come to a close, and plaintiffs' counsel will split almost $7.3 million in fees, after spending more that 18,900 hours achieving the settlement.

The case was terminated on Wednesday after Judge John Sprizzo of the U.S. District Court for the Southern District New York signed off on an order and final judgment awarding plaintiffs' counsel $7.26 million in...
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