Reuters covered our objection in In re Mylan N.V. Securities Litigation. 

In one corner is Ted Frank, co-founder of the non-profit Hamilton Lincoln Law Institute, who has built a reputation objecting to the terms of class action settlements that he says overcompensate plaintiffs’ lawyers.

In the other: class action powerhouse Bernstein Litowitz Berger & Grossmann and its pension-fund client, ​the Public Employees’ Retirement System of Mississippi.

Three years ago, Frank succeeded in cutting millions from Bernstein’s fees in a securities suit where MissPERS was co-lead plaintiff. But a judge said his allegations of ‌a “pay-to-play” arrangement between Bernstein and the Mississippi attorney general’s office, which controls outside counsel selection, were too speculative.

Now, Frank is back for round two, objecting, opens new tab to Bernstein’s fees in a $60 million securities class action settlement with Mylan Pharmaceuticals in Pennsylvania federal court. MissPERS is again the lead plaintiff and Frank is once more questioning what he terms a “concerning relationship” between the firm and state officials who oversee it.

Read more at Reuters.