The lawyers who negotiated a $21.9 million settlement with
The fee award, which represents 30 percent of the settlement, is justified because the reasonable baseline fee in a complex retirement plan class action is 27 percent, Judge Lorna G. Schofield of the U.S. District Court for the Southern District of New York said. And an upward adjustment to the baseline is warranted because the deal also provides significant “non-monetary relief” in the form of changes to Deutsche Bank’s 401(k) plan, Schofield said ...
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