Final OK Sought For $37.5M Scottish Re Award

Law360, New York (December 1, 2008, 12:00 AM EST) -- The lead plaintiff in a securities class action against a slew of defendants — among them Scottish Re Group Ltd., Ernst & Young LLP and Lehman Brothers Holdings Inc. — has moved for final approval of a $37.5 million settlement, including nearly $6 million in attorneys' fees.

The State Teachers Retirement System of Ohio filed an unopposed motion in the U.S. District Court for the Southern District of New York on Wednesday, asking for final approval of the settlement and allocation plan, attorneys' fees and reimbursement...
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