In a fee-sharing dispute, Grant & Eisenhofer lost its bid to recover more than $1 million from Bernstein Liebhard, its co-counsel in Fannie Mae securities litigation.
Grant served as of counsel to Bernstein in a federal class action in Washington, D.C., against Fannie Mae on behalf of two client pension funds. Under a 2009 agreement, Grant & Eisenhofer would contribute 26 percent of Bernstein’s obligations in case expenses, and Grant would receive 26 percent of Bernstein’s fees.
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