Countrywide Seeks OK For $10M OT Deal After 9-Year Fight
By Brandon Lowrey (February 6, 2015, 10:19 PM EST) -- Bank of America's Countrywide Financial Corp. urged a California federal judge Friday to approve a $9.6 million deal to end a long-running and contentious overtime class action, saying the proposed $3.1 million in attorneys' fees is reasonable even though much of the settlement could revert to Countrywide.
During a hearing in Santa Ana, California, Countrywide attorney Thomas Kaufman of Sheppard Mullin Richter & Hampton LLP told U.S. District Judge Josephine L. Staton that the settlement, including the attorneys' fees, was fair and non-collusive, saying the opposing attorneys had a "combative" relationship over the course of the lengthy, hard-fought case. In addition, he...
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