A federal judge has cut in half a request for attorney fees in a securities class action that resulted in a $300 million settlement. "[I]t is not thirty times more difficult to settle a thirty million dollar case as it is to settle a one million dollar case," Southern District of New York Judge Loretta A. Preska wrote, awarding $12 million to plaintiffs attorneys who sought $22 million in a suit against pharmaceutical giant Bristol-Myers over its $2 billion investment in biotechnology company ImClone.
Judge Halves Fees Sought in Bristol-Myers Securities Class Action
New York Law Journal
February 28, 2005
This article requires premium access
This article requires premium access to Law.com. Please sign in or subscribe to read the full text.