Some More Updates
HP Inkjet will not be reviewed, cementing our win for class members; mildly successful result in Wyeth.
Wyeth and the multiplier
Class counsel have a $3.9 million lodestar, but are seeking $16.5 million for a settlement where the class will get three cents on the dollar for their alleged damages. The Center is objecting on behalf of a client.
City of Livonia Employees Ret. Sys. v. Wyeth
The Center represented a shareholder objecting to a securities class action wherein the $16.5M plaintiffs’ attorneys’ fee request was 4.2 times their normal billing rate. The district court reduced the excessive fee request by $3M.
