Class Counsel In 401(k) Fiduciary Breach Suit Awarded $18M In Attorney Fees

(September 5, 2019, 12:48 PM EDT) -- JEFFERSON CITY, Mo. — A Missouri federal judge on Aug. 16 awarded class counsel more than $18 million in attorney fees and more than $2 million in costs in a suit alleging that a technology and power company breached its fiduciary duty and mismanaged 401(k) retirement plans after determining that the requested amounts are reasonable based on the proposed $55 million class action settlement and based on the fact that the suit has been pending for more than 12 years (Ronald C. Tussey, et al. v. ABB Inc., et al., No. 06-4305, W.D. Mo., 2019 U.S. Dist. LEXIS 138880)....