Monday, June 5, 2023 | Back issues
Courthouse News Service Courthouse News Service

Judge OK’s Renaissance Re Settlement & Fees

MANHATTAN (CN) - U.S. District Judge William Pauley III approved a $13.5 million final settlement of securities litigation against Renaissance Re Holdings, whose directors deceived the market and manipulated the reinsurance firm's financial disclosures. Judge Pauley approved $1.5 million in attorneys' fees and expenses, noting that the 52,000 plaintiffs deserve more than token payments, and questioning, among other things, lead counsel's request for $270 an hour for paralegals. See ruling.

Categories: Uncategorized

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.