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$464M in Attorney Fees in Historic $3.2B Tyco Settlement

May 29, 2012 | Posted in :

Plaintiffs’ counsel, who negotiated a $3.2 billion settlement of securities claims against Tyco International, Ltd. in 2007 were awarded $464 million in attorney fees (or 14.5% of the settlement fund) and $28.9 million expenses from a federal court in New Hampshire.

After extensive discovery and litigation, the class reached a historic settlement with Tyco for $2.975 billion, the single largest payment from any corporate defendant in the history of securities class action litigation.  Plaintiffs’ class counsel include Grant & Eisenhofer, P.A., Milberg, LLP and Barroway, Topaz, Kessler, Meltzer & Check, LLP.

CLICK HERE (pdf) and CLICK HERE (pdf) to read court documents related to Tyco's Class Action Attorney Fee Award.

For more information, visit www.tycoclasssettlement.com