In the News Today – April 13, 2015
In an upcoming Columbia Law Review article, two professors show how the current method of awarding fees in securities class actions—which are generally determined based on settlement outcomes and the leanings of certain courts, rather than at the onset of a case—is deeply flawed to the benefit of plaintiffs’ lawyers. (Reuters)
Philip Morris USA Inc. and R.J. Reynolds Tobacco Co. will pay Pennsylvania $125 million as part of a 1998 master settlement over alleged health care costs incurred by the state. (Law360)
