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News / Newsletter |
| Court Praises Wolf Popper And Approves Settlement Of $38,000,000 Against Providian Financial Securities |
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In In re Providian Financial Securities Litigation, MDL No. 1301 (E.D. Pa), Wolf Popper was co-lead counsel for the plaintiff class and obtained a $38,000,000 judgment from the defendants. The Court, in approving the settlement in June, 2002, remarked on the “extremely high quality” and “skill and efficiency” of plaintiffs’ counsel’s work, which the Court stated it had seen throughout the litigation. The Federal Court also noted the “extremely high quality” of Wolf Popper’s work is reflected in the result which it obtained and in the fact that it is a nationally prominent firm with extensive experience in the field.
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