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Alsup Grants $16M LendingClub Fee Bid Despite Misgivings

By Dean Seal (September 25, 2018, 8:14 PM EDT) -- U.S. District Judge William Alsup filed a pair of orders in California federal court on Monday granting final approval of a $125 million deal to resolve securities class actions against LendingClub Corp. and, despite concerns about "hard-to-justify" entries, approving nearly $16.4 million in fees for Robbins Geller Rudman & Dowd LLP and other class counsel....

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