Atty Sanctions Sought In Merck-Schering Merger Suit

Law360, New York (March 8, 2010, 12:38 PM EST) -- A settlement class member in the shareholder litigation over the $46 billion merger of Schering-Plough Corp. and Merck & Co. Inc. has blasted the class counsel's request for attorneys' fees, saying the firm achieved nothing for the shareholders and should receive nothing in return.

Class member Allan Marain, a New Jersey lawyer, asked for sanctions to be levied against Carella Byrne Cecchi Olstein Brody & Agnello PC in the U.S. District Court for the District of New Jersey on Wednesday, balking at the $3.5 million the...
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