Class Counsel Must Wait 2 Years To Receive Entire Attorney Fee Award

Mealey's (June 10, 2022, 1:57 PM EDT) -- SAN FRANCISCO — A federal judge in California on June 9 granted final approval of a settlement in a shareholder derivative lawsuit against several senior executives and the board of directors of Pinterest Inc. alleging that the defendants breached their fiduciary duty by participating in and/or failing to sufficiently prevent a culture of racial and sexual discrimination within the company, but class counsel must wait two years to receive the entire attorney fee award they sought....