Endo, Watson, et al Settle In re Lidoderm DPP Claims for $166 Million

The court granted preliminary approval over three combined settlements involving a class of direct purchaser plaintiffs in the total amount of $166 million because the agreements were substantively and procedurally fair. “All the relevant factors weigh in favor of preliminarily approving each of the Settlements. First, the Settlements follow full fact and expert discovery and class certification and summary judgment/Daubert motions decided based on extensive briefing and supporting submissions. . . . Second, the Settlements are the result of arm’s length negotiation among sophisticated counsel and Court-ordered mediation under the auspices of Chief Magistrate Judge Joseph C. Spero. Third, the agreed-upon consideration to be paid by each Defendant pursuant to each Settlement Agreement, in exchange for, inter alia, dismissal of the litigation with prejudice by Plaintiffs and the Class as set forth in the Settlement Agreements, is within the range of reasonableness based on the circumstances.”

In re Lidoderm Antitrust Litigation, 3-14-md-02521 (CAND 2018-05-03, Order) (William H. Orrick, III)

2018-05-07T12:16:02+00:00May 7th, 2018|Press|