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Attys Nab $5M After Trader s Spoofing Suit Settlement
Law360 (August 2, 2021, 7:10 PM EDT) An Illinois federal judge has awarded roughly $5 million in fees to the attorneys representing a class of futures traders in their suit against Tower Research Capital and granted final approval of a $15 million deal resolving claims that the company allowed thousands of spoofed commodities orders.
U.S. District Judge John J. Tharp Jr. gave the final signoff on Friday after a final fairness hearing on the settlement, awarding $4.95 million in attorney fees to class counsel Cafferty Clobes Meriwether & Sprengel LLP and Lowey Dannenberg PC or 33% of the settlement fund.
Courthouse News asks New Mexico courts to give back public access
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Cocktail of vines and houses
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By City News Service
Photo: OJO Images RF
LOS ANGELES (CNS) - A Santa Clarita man was sentenced to five months in federal prison, followed by six months of home confinement, for substantially underreporting on his personal income tax returns money he made from his chiropractic service over a four-year period, the Internal Revenue Service announced today.
Jong Moon Chung, 54, was sentenced Thursday by U.S. District Judge John A. Kronstadt, who also ordered him to pay $144,759 in restitution and a $25,000 criminal fine. Chung pleaded guilty in December to one count of aiding or assisting in the preparation of a false tax return, according to the IRS.