Court OKs $36M Legal Bill In Bristol-Myers Suit

Law360, New York (July 30, 2007, 12:00 AM EDT) -- Silencing the objections of a shareholder who decried the bill, an appeals court has approved a $36.6 million fee sought by attorneys at Labaton Sucharow & Rudoff for its work in negotiating a settlement with drug maker Bristol-Myers Squibb.

The U.S. Court of Appeals for the Third Circuit last Friday upheld the ruling of the New Jersey district court, which approved the firm's fee application after concluding that Labaton Sacharow had “earned every penny that they've sought” in resolving the securities class action.

Shareholder Rita Carfagna...
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