LOS ANGELES – The lead plaintiffs’ firm that obtained a $624 million shareholder settlement against Countrywide Financial Corp. and KPMG LLP— the largest recovery to date in a securities class action filed over the housing crisis—is seeking more than $55 million in attorney’s fees and expenses.
Labaton Sucharow, the New York firm hired by several New York pension funds on a contingency basis to pursue securities fraud claims against Countrywide and its senior managers, will argue for the fees during a Nov. 15 hearing.
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