A lawsuit by an attorney who claims he was done out of his share of fees may shed light on the prominent class-action firm's relations with politicians in the state of New Mexico. "Eventually, the complaint says, Labaton generated $118 million in fees from litigation on behalf of New Mexico funds in securities class actions against St. Paul Travelers and HealthSouth." [Nate Raymond, AmLaw Litigation Daily] Update Apr. 2010: he withdraws suit.
Labaton Sucharow and New Mexico
Related Entries:
- Around the web, February 21
- The Carlyle IPO
- Courts still ignoring cy pres requirements
- Responding to Professor Fitzpatrick on class action fees
- SEC and Citigroup Anxiously Await Ruling
- GAO on Stoneridge and secondary liability
- Roundup, July 18
- Around the web, June 7
- Why is Stan Chesley working for Ohio state pension funds?
- "Whatever Happened to IPOs?"
- What pro-business bias? (continued)
- Around the web, March 14
- Around the web, March 1
- "A nation of lawyers and judges"
- Around the web, January 20
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| Isaac Gorodetski Project Manager, Center for Legal Policy at the Manhattan Institute igorodetski@manhattan-institute.org |
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| Laura Eyi Press Officer, Manhattan Institute leyi@manhattan-institute.org |



