Law360 (December 30, 2008, 12:00 AM EST) -- A federal judge has given final approval to a $33 million settlement of an antitrust lawsuit alleging Hoffmann-La Roche Inc. and others exploited a patent useful in analyzing DNA samples.
Judge Henry H. Kennedy Jr. of the U.S. District Court for the District of Columbia approved the settlement Monday following a Dec. 15 hearing where other class members gave their assent to the deal.
The $33 million settlement amounts to a "significant recovery" — approximately 14 percent of total sales of the products at issue during the class period — and continued litigation could lead to no recovery at all, the...
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