Schneider & Wallace Calls Guidant Fees Unfair

Law360, New York (May 6, 2008, 12:00 AM EDT) -- Plaintiffs law firm Schneider & Wallace LLP has objected to the proposed distribution of fees in the settled multidistrict litigation over alleged defects in Guidant Corp.'s implantable defibrillators, saying the plan unfairly favored the firms that drafted it.

The Common Benefit Attorney Fee and Cost Committee, which included a number of the leading plaintiffs firms in the case, calculated committee members' share of the common benefit and cost funds using much higher multipliers than they used for firms not on the committee, according to Schneider &...
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