Glancy Prongay Seeks $18.2M In Zimmer Biomet Settlement
Law360 (July 31, 2020, 4:48 PM EDT) -- Attorneys at Glancy Prongay & Murray LLP representing investors in a $50 million settlement with medical device company Zimmer Biomet Holdings Inc. asked an Indiana federal judge on Thursday to approve its request of $18.2 million in attorney fees and expenses.
Calling the $50 million cash settlement "exceptional" and "excellent," the 33% attorney fees, totaling $16.6 million, and $1.6 million in expenses are "reasonable and consistent with the market rate for fees regularly awarded in class action settlements within the Seventh Circuit," the attorneys' motion said.
"The settlement represents an excellent recovery for the settlement class under the circumstances," the attorneys...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!