How are the lawyers paid?
We handle securities class actions on a contingent-fee basis. That means that we receive a fee only if we are successful in obtaining a recovery for the class. If the case is concluded successfully, we will apply to the court for an award of attorneys’ fees and for reimbursement of our expenses. The court generally awards the fee based on a percentage of the recovery. It is entirely up to the court to decide how much we get paid. If there is no recovery, we receive no fees and no reimbursement of our expenses.
