Perrigo Securities Class-Action Settlement Awards Attorneys’ Fees, Expenses Lower Than Requested

Court order dismisses claims against Perrigo and Joseph Papa, its former CEO, with prejudice. Settlement also bars any claim against plaintiffs and class members, “whether arising under state, federal, common or foreign law,” alleging liability for losses.

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Plaintiffs’ attorneys in a securities class-action complaint against Perrigo Company PLC and its former CEO receive slightly less than they requested in attorneys’ fees and legal expenses in the $97m settlement of the litigation.

Magistrate Judge Leda Dunn Wett in US District Court for New Jersey gave final approval to the settlement with 19% of the settlement awarded in attorneys’ fees, rather than the 20% requested, and slightly more than $4

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