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Article: Attorneys in Sterling suit criticized over fees
- Article from:
- Central Penn Business Journal
- Article date:
- September 11, 2009
- Author:
CopyrightCopyright Journal Publications Inc. Sep 11, 2009. Provided by ProQuest LLC. (Hide copyright information)
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LANCASTER COUNTY
The lawyers who negotiated a $10.3 million shareholder settlement in the fraud scandal at the former Ster- ling Financial Corp. want to take home 30 percent of the pot.
The more money the lawyers receive, the less is left over for investors. And critics say that for a lawsuit of this nature - known as a securities classaction case - the fee that the lawyers are seeking is above average.
Sterling saw its finances ruined in 2007 by a fraud scandal at a subsidiary that financed logging equipment. The bank ultimately was sold to Pittsburgh-based The PNC Financial Services Group Inc., which negotiated the recent settlement.
The lawyers who represented the investors have asked ...
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Article: Investor Alert From Cauley Bowman Carney & ...
PR Newswire;
May 30, 2007 ;
618 words
...LITTLE ROCK, Ark., May 30 /PRNewswire/ -- Cauley Bowman Carney & Williams, PLLC announces an investigation into the proposed acquisition of Bradley Pharmaceuticals, Inc. ("Bradley On May 29, 2007, Bradley announced that it had received a buyout offer from an investment group led by Chief
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