The lawyers who represented a class of African-American farmers in a suit against the government that claimed loan discrimination are demanding $90.8 million in legal fees, the maximum allowed under the terms of a $1.25 billion settlement.
Lawyers handling the $10 million settlement between Lowe’s and customers who said they bought foul-smelling drywall have hatched an addition to the deal, in response to complaints the maximum payments were too small.
The former chief operating officer at the law firm run by convicted Ponzi scheme operator Scott Rothstein was sentenced Friday to the maximum 10 years in federal prison for her role in the $1.2 billion fraud.
Proskauer Rose said Monday it had elected Joseph Leccese, 49, as its new chairman, making him the youngest elected chair in the firm’s 135-year history. He will succeed Allen Fagin, who will step down in January after serving the maximum six-year term as chair
Slashing a jury’s punitive award of $500,000, a federal judge has ruled that the constitutional maximum for punitive awards is ordinarily no more than nine times the compensatory award — even in cases where the defendant is a repeat violator.