fbpx
News
November 20, 2017

In the News Today – November 20, 2017

Plaintiffs’ lawyers have asked the U.S. District Court for the Northern District of Illinois for $8 million of a $24 million settlement in a securities class action suit against a pharmaceutical company, reports the Cook County Record.

This is a large request for a settlement of this size. According to a NERA study on all securities class action settlements from 2016, the median fee cut of a $24 million settlement was 27.5%.

The three named plaintiffs in this case would receive only $10,000 of the settlement. The attorneys will also be reimbursed for expenses up to $450,000.

Podcasts Episode 18: Why Federal Securities Suits Don’t Belong in State Court Securities Litigation Reform Stock data News D&O Diary Looks At 2021 Litigation Trends Securities Litigation Reform News D&O Diary Blog Calls For Congress To Take Up Securities Reforms Proposed In New ILR Briefly Securities Litigation Reform Blog D&O Diary: "Institute for Legal Reform: Congress Should Enact Reforms to Address Cyan" Securities Litigation Reform News In The News-August 16, 2021 Securities Litigation Reform

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings