With settlements totaling more than $334 million and attorney fees of about $83 million, the shareholders' class action filed in the wake of an accounting scandal at Rite Aid Corp. now ranks among the nation's five largest shareholder settlements ever. This week, a federal judge in Philadelphia granted final approval of settlements worth more than $126 million by the final three defendants, including accounting firm KPMG.
Rite Aid Suit Yields $83M in Fees
The Legal Intelligencer
June 4, 2003