Fees, Awards, and the Final Verdict
Judge Stein also approved the plaintiffs’ request for $5.25 million in attorney fees — about 30% of the total settlement — along with $925,000 in litigation expenses and service awards of $7,000 and $9,750 for the lead plaintiffs.
If granted final approval, the settlement would end all remaining claims against TaskUs, which had already seen portions of the case trimmed by U.S. District Judge John P. Cronan in January 2024, including accusations that the company downplayed attrition rates.
The Legal Teams
The investors are represented by Joseph A. Fonti, Nancy A. Kulesa, Evan A. Kubota, and Thayne Stoddard of Bleichmar Fonti & Auld LLP, alongside John A. Kehoe and Michael K. Yarnoff of Kehoe Law Firm PC.
TaskUs and the individual defendants are defended by Jonathan K. Youngwood and Meredith Karp of Simpson Thacher & Bartlett LLP.
A Costly Lesson in Image Management
If approved, the TaskUs $17.5M Investor Deal will close a chapter in one of the more unusual securities suits in recent years — one where a company’s reputation management strategy may have cost far more than a few flattering reviews.
