The Representative Plaintiff in a certified class action sought court approval for a $4.2 million settlement with the defendant auditor, approval of Class Counsel's contingency fees and disbursements, and an honorarium for the Representative Plaintiff.
The court approved the settlement, finding it fair, reasonable, and in the best interests of the class, considering the litigation risks and protracted nature of the case.
Class Counsel's fees and disbursements, and the Representative Plaintiff's honorarium, were also approved.
