Coughlin Stoia settlements averaged 3.2% of estimated damages, according to Cornerstone, while Milberg averaged 2.4%.
FORBES: Magazine Article
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Lerach's old firm, now named Coughlin Stoia, handled 24% of the settled cases, down from 37%.
FORBES: Legal
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Stoia added that in some cases, federal courts can get backed up as much as four or five years before they hand down a decision on a class-action case.