Law firm Carella, Byrne, Cecchi, Olstein, Brody & Agnello faces conflict allegations over its projected $3.5 million fee for representing shareholders who obtained no monetary or equitable relief in a class action settlement over the merger of drug giants Merck and Schering-Plough. The lawyer for the class member opposing the settlement argues that certifying the class serves no purpose except to make Carella Byrne eligible for attorney fees. He also seeks sanctions against the firm for allegedly botching the suit.
March 08, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A law firm faces conflict allegations over its projected $3.5 million fee for representing shareholders who obtained no monetary or equitable relief in a class action settlement over the merger of drug giants Merck and Schering-Plough.
Class member Allan Marain, a lawyer in New Brunswick, N.J., filed papers Wednesday opposing the settlement, which a federal judge has tentatively approved, and seeking sanctions against the firm, Carella, Byrne, Cecchi, Olstein, Brody & Agnello in Roseland, N.J.
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