8th Circuit Slams Lawyer-Plaintiff's 'Outrageous' Bid to Revisit $58M Attorney Fee Award
"Viewed in hindsight—always a distorting perspective—it appears that Oetting as one of seven class representatives has himself gone to great lengths to make this a 'lawyer-driven lawsuit.' We hope district courts in this circuit will bear this in mind should Oetting seek to be appointed a lead plaintiff in future class actions subject to the PSLRA," the appeals court wrote.
October 14, 2021 at 03:18 PM
3 minute read
A lawyer who was a plaintiff in a class action against Bank of America that settled in 2002 and who claimed the $58 million attorney fee award for class counsel was flawed has struck out in his bid to have the award reevaluated.
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