Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Kind of a mystery what the attorneys fees and costs will be here.

Here's a recent case, from the 9th Circuit:

"The $182 million in attorneys' fees amounted to 22.5% of the settlement. The fee request was below a 25% benchmark that is employed by courts under the oversight of the San Francisco-based 9th Circuit, the class attorneys said."

"The shareholders' attorneys said lawyers for the defendants "exhausted every litigation strategy in an effort to end the litigation without any recovery for the class."

The plaintiffs' lawyers in a court filing called the settlement "extraordinary" and said they put in about 73,400 hours of professional time in the five-year litigation. They called the $810 million settlement among the largest-ever in the district courts in the 9th U.S. Circuit Court of Appeals."

https://www.reuters.com/legal/legalindustry/twitter-securities-lawsuit-yields-182-mln-fees-plaintiffs-attorneys-2022-11-18/