Attorneys Get A Third Of $7.1M Settlement Of Class Action Over ESOP Deal

( February 26, 2025, 2:10 PM EST) -- EAST ST. LOUIS, Ill. — An Illinois federal judge on Feb. 25 granted final approval to a $7.1 million class settlement resolving a suit over 2012 and 2013 employee stock ownership plan (ESOP) deals, awarding the requested 33% attorney fees that total $2,366,666.67 in the case where the plaintiffs said the lodestar based on their counsel’s “reasonable hourly rate” was more than $6.8 million....