Tuesday, February 5, 2013
Wyeth and the multiplier
Class counsel in the City of Livonia Employees' Retirement Sys. v. Wyeth case have a $3.9 million lodestar, but are seeking $16.5 million for a settlement where the class will get three cents on the dollar for their alleged damages. The Center is objecting on behalf of a client. Dan Fisher covers at Forbes in a must-read story.