Class Counsel Get A Third Of $6M Settlement In Case Over Bank’s Former ESOP

( June 24, 2024, 8:41 AM EDT) -- CHARLOTTESVILLE, Va. — Granting final approval of a $6 million settlement in an Employee Stock Ownership Plan (ESOP) case that the plaintiff estimated will give dozens of class members awards averaging more than $30,000, a Virginia federal judge approved paying from that total $2 million for attorney fees plus $104,186.34 for litigation costs....