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DaVita Investor Attys Score $40.5M In Fees From Settlement


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DaVita Investor Attys Score $40.5M In Fees From Settlement
Law360 (July 15, 2021, 8:13 PM EDT) The law firms that represented investors in a case against health care company DaVita Inc. were awarded $40.5 million Thursday for their work on a $135 million class-action settlement of claims that shareholders were hurt when it was revealed that the company pressured patients to enroll in high-cost, private insurance plans.
U.S. District Judge William Martinez of the District of Colorado awarded attorney fees of 30% of the settlement fund as well as reimbursement of $547,409.27 in litigation expenses and $10,000 in representative rebates after the lead plaintiffs requested it. ....

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9th Circ. OKs $52M Fee For Attys In Wells Fargo Suit


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9th Circ. OKs $52M Fee For Attys In Wells Fargo Suit
Law360 (April 19, 2021, 9:20 PM EDT) The Ninth Circuit has affirmed a lower court s $52 million award to the legal team representing shareholders in a derivative action against the brass at Wells Fargo claiming they were responsible for employees creating unauthorized customer accounts to help meet aggressive sales goals.
In an unpublished opinion filed Friday, the three-judge panel found that U.S. District Judge Jon S. Tigar of the Northern District of California had appropriately weighed the counsel fee request and related details when he determined that Lieff Cabraser Heimann & Bernstein LLP and Saxena White PA attorneys could have a 22% cut of the $240 million settlement. ....

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