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Coughlin Stoia Chastised For Charging High Rates

Law360 (November 21, 2008, 12:00 AM EST) -- A federal judge has awarded nearly $32 million to the plaintiffs' attorneys who helped settle a long-running securities class action against Coca-Cola Co., but he chastised them for charging extremely high rates and for trying to push bogus expenses onto their clients.

Class counsel, including Coughlin Stoia Geller Rudman & Robbins LLP, originally requested $38.5 million in fees, or more than 26 percent of the $137.5 million settlement, along with $7.2 million in expenses.

But on Nov. 7, Judge Willis B. Hunt Jr. of the U.S....
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