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Friday, September 23, 2005

SLW Jeopardy Winner is...

Once again naming our contest winner came down to a contentious meeting of the already-overworked SLW Contest Rules Committee.  After much deliberation, the SLW Jeopardy Winner is one Mark Sakana, who provided the first of many correct responses (1) in the Comments field and (2) in the form of a question: 

"What is the amount of attorneys' fees that will be paid out in light of the final approval order entered in the Worldcom case yesterday?"

As stated in this September 21, 2005 Order from Judge Cote approving the WorldCom settlement,

Finally, the fact that an active and well-qualified Lead Plaintiff has approved this fee and that the Class has not objected to it are also appropriate to consider when judging the public policy of approving a fee award that in its aggregate gives Lead Counsel $336.1 million in fees based on a total lodestar of approximately $83.2 million.

Honorable mention goes to the SLW reader who shall remain nameless who (1)  emailed me the first correct answer (2) not in the form of a question.

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