Securing D&O For Attorneys' Fees In Securities Cases
May 28, 2013, 11:57 AM EDT
Law360, New York (May 28, 2013, 11:57 AM EDT) -- Fee awards to plaintiffs’ attorneys often form a sizable component of any judgment or settlement in securities class actions, derivative lawsuits and mergers and acquisitions objection litigation. According to a recent NERA Economic Consulting study, in 2012, plaintiffs’ attorneys obtained nearly $653 million through settlements of federal securities and M&A objection litigation alone.
In 2012, 92 percent of all merger transactions valued at over $100 million resulted in litigation, with an average of five lawsuits per transaction and a median fee award of nearly $600,000 to...