(October 23, 2020, 10:15 AM EDT) -- DENVER — A federal judge in Colorado on Sept. 28 ruled that counsel for plaintiffs in a shareholder derivative action seeking to recover advisory and administrative fees paid to an investment adviser and its parent company must pay statutory sanctions for pursuing claims through trial even though the counsel knew that the claims “were lacking in merit” (Joan Obeslo, et al. v. Great-West Capital Management LLC, No. 16-230, D. Colo.)....