A gaggle of top plaintiffs firms that challenged a $20 billion deal involving Sprint Nextel Corporation got some disappointing news this week when a Kansas judge denied their bid for $8 million in fees.
Johnson County District Court Judge Thomas Sutherland rejected the request on Wednesday, dealing a blow to lawyers at Bernstein Litowitz Berger & Grossman; Kessler Topaz Meltzer & Check; Grant & Eisenhofer; Robbins Geller Rudman & Dowd; and Stueve Siegel Hanson. The firms represented a proposed class of Sprint shareholders who sued to demand changes to the sale of a 70 percent stake in the company to SoftBank Corp.
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