Fen-Phen Attorneys' Fees Of $567M Justified: 3rd Circ.

Law360, New York (October 8, 2009, 6:35 PM EDT) -- A federal appeals court has affirmed an award of more than $567 million for class counsel in the multidistrict litigation against Wyeth over health effects of diet drug regiments popularly known as fen-phen, rejecting contentions by some plaintiffs and lawyers that the fees were improperly calculated.

The U.S. Appeals Court of Appeals for the Third Circuit issued its ruling on Thursday, upholding the U.S. District Court for the Eastern District of Pennsylvania’s decision to use a percentage-of-recovery method, based on a the value of a multibillion-dollar...
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