Attorneys' fees in class actions

The Initial Public Offering Litigation pending before Judge Scheindlin in the S.D.N.Y. has produced plenty of controversy over the past several years.  The latest installment is a fight over the calculation of attorneys' fees.  The grounds are familiar: are the plaintiffs' attorneys entitled to the sum, or have agency problems and poor incentives led the attorneys to demand too high of a sum?
The New York Law Journal reports here.

RJE