In Re Iron Workers Local 25 Pension Fund

MEMORANDUM ORDER FOLLOWING BENCH TRIAL

STEPHEN J. MURPHY, III, District Judge.

In January 2007, Watson Wyatt & Company (“Watson Wyatt”) agreed in principle to settle claims brought by the Iron Workers Local No. 25 Pension Fund (“Fund”) and its board of trustees. Pursuant to the settlement, Watson Wyatt agreed to pay the Fund $110 million in exchange for a release of all liability and dismissal of all claims with prejudice. Under the fee agreement in place between the Fund and its counsel — Anthony and Michael Asher and their law firm, Sullivan, Ward, Asher & Patton, P.C. (collectively “Sullivan…