“Enron Investors Lawyers Get Record $688 Million Fee”

“The fee is the largest ever in a U.S. securities-fraud case, according to data compiled by Bloomberg. U.S. District Judge Melinda Harmon found the payments was justified in light of the record-setting amount the lawyers recovered for Enron investors, who sued for more than $40 billion in losses.

The court “finds no windfall” in fees awarded to Coughlin Stoia Geller Rudman & Robbins, “but a reasonable fee earned by an extraordinary group of attorneys who achieved the largest settlement fund ever despite the great odds against them,” the Houston-based Harmon wrote in her decision.”

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