Judge OKs $20M Stock Deal In Parmalat Fraud Case

Law360, New York (March 3, 2009, 12:00 AM EST) -- A federal judge has signed off on a second settlement worth about $20 million in stock in a securities fraud class action against bankrupt Italian dairy giant Parmalat SpA and its financial and accounting advisers, on top of a $50 million agreement approved a year and a half ago.

Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York also approved roughly $13 million in attorneys' fees and more than $4.1 million in expenses Monday for class co-lead counsel Cohen Milstein...
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