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When federal judge John R. Padova took a close look at the fee request in a mega class action antitrust suit involving the anti-depressant drug Paxil, he decided the lawyers were simply asking for too much. The full $30 million they requested, Padova said, would represent more than 23 times their hourly billing rates. He cut the request by one-third and awarded the lawyers $20 million, noting that it still resulted in a multiplier of more than 15.
May 26, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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