Class Attys Score $44.6M In Fees In $210M Salix Settlement

Law360, New York (August 18, 2017, 10:27 PM EDT) -- A New York federal judge on Friday signed off on $44.6 million in fees for attorneys who secured a $210 million settlement to end a proposed class action by Salix Pharmaceuticals Ltd. shareholders claiming the company misrepresented inventory levels to falsely inflate its stock price.

In approving the settlement, U.S. District Judge Kimba M. Wood greenlit a request from lead class counsel Bernstein Litowitz Berger & Grossmann LLP that 21.24 percent be set aside for attorney fees and an additional $1.9 million for litigation expenses....
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Case Title

Woburn Retirement System v. Salix Pharmaceuticals, Ltd. et al


Case Number

1:14-cv-08925

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Kimba M. Wood

Date Filed

November 7, 2014

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