$750M Namenda Deal OK'd But 21% Atty Fee Request In Doubt
Law360, New York (May 27, 2020, 1:34 PM EDT) -- A Manhattan federal judge on Wednesday approved a landmark $750 million settlement over allegations that an Allergan PLC subsidiary thwarted generic competition for its Alzheimer's drug Namenda, but cast doubt on awarding $157 million in attorney fees, calling the figure "astronomically large."
A federal judge said Wednesday that she wanted to review time records before signing off on attorneys' $157 million fee request as part of an antitrust settlement with Allergan and its Forest Laboratories unit. (AP Photo/Richard Drew, File)
During a teleconference fairness hearing, U.S. District Judge Colleen McMahon swiftly approved the settlement, which compensates wholesalers that accused Allergan and...
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