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Plaintiffs lawyers were granted $315 million in common benefit funds from the $4.85 billion settlement that Merck reached in the Vioxx multidistrict litigation in 2007. But they won't get a share of the $950 million settlement that the federal government and more than 40 states reached with the drug maker last November.
Fate of 2004 Class Actions With New Act: A Mixed Bag
A class action against Big Tobacco that ended in a $591 million jury verdict in a Louisiana state court would never have been heard in that court had the Class Action Fairness Act been in effect when the case was filed, said counsel on both sides. "Had the new legislation been in place, we would have never been in state court," said tobacco defense attorney Dorothy Wimberly. "And we believe we would have prevailed in federal court because we don't believe the class would have been certified."Fate of 2004 class actions with new act: a mixed bag
A class action against Big Tobacco that ended in a $591 million jury verdict in a Louisiana state court would never have been heard in that court had the Class Action Fairness Actwhich was signed into law by President George W. Bush on Feb. 18been in effect when the case was filed, said counsel on both sides.Revenue, Profit, Cash: Managing Law Firms for Success
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