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CORRECTED: Quinn, Pearson Seek $254M In Fees In Banks' CDS Suit Deal

Law360, Los Angeles (January 29, 2016, 10:51 PM EST) -- Quinn Emanuel Urquhart & Sullivan LLP and Pearson Simon & Warshaw LLP asked a New York federal judge Friday for $253.8 million in attorneys' fees after a judge preliminarily approved a $1.86 billion settlement in a class action claiming Citigroup Inc. and others rigged the credit default swaps market.

Quinn Emanuel and Pearson Simon noted in a memorandum supporting their motion for an attorneys' award that a mediator had said they reached an “exceptional” result for the class, which includes individuals who bought credit default swaps...
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