Barely 24 hours after hearing oral arguments, a federal appellate panel refused Wednesday to revive claims that plaintiffs lawyers deserve $6 million in fees for supposedly helping to oust former Citigroup Inc. CEO Vikram Pandit and another Citi executive two years ago.
In a brief order, the U.S. Court of Appeals for the Second Circuit affirmed an August 2013 decision that called the rationale for the lawyers’ fee request “unsupported and farfetched.” The three-judge panel issued its decision just one day after defense lawyers at Willkie Farr & Gallagher, Paul, Weiss, Rifkind, Wharton & Garrison and Sidley Austin urged the court to reject the appeal.
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