Counsel Awarded $15.85M In Attorney Fees In Generic Drug Price-Fixing Suit

Mealey's (April 11, 2022, 2:08 PM EDT) -- PHILADELPHIA — A federal judge in Pennsylvania on April 8 awarded co-lead counsel $15.85 million in attorney fees and an additional $1,839,050.39 in expenses as part of a $63.4M securities class action settlement against current and former executives of a generic drug company stemming from the defendants’ involvement in and concealment of an illegal price-fixing scheme with competitors, ruling that the amount sought is fair, reasonable and adequate....

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