$590M Citi Settlement Draws Skepticism From Judge

Law 360 reports on a case where Ted Frank challenges a settlement in which the plaintiff's lawyers recieved a huge pay out and the class members recieved very little.

Tort reform advocate Ted Frank and other Citigroup shareholders have tried to discourage the court from signing off on the fee request, arguing that Kirby McInerney overcharged the class members and billed about a third of its total lodestar hours after the parties agreed to the settlement.

Read the full article at Law 360.