Securities,
Civil Litigation
Oct. 23, 2019
US judge approves $50M settlement but questions fees
A federal judge indicated Tuesday she plans to approve a $50 million securities class action settlement between a luxury home furnishings company and investors, but expressed concerns about the deal's attorney fees.
OAKLAND -- A federal judge indicated Tuesday she plans to approve a $50 million securities class action settlement between a luxury home furnishings company and investors, but expressed concerns about the deal's attorney fees.
U.S. District Judge Yvonne Gonzalez Rogers said the plaintiffs' counsel need to justify hourly rates for staff lawyers.
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