| SAIC Securities Class Action
Settlement Approved Including Appeals Work As
Costs
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY COURTHOUSE,
June 26 – SAIC and Ken
Dahlberg were sued in 2012. On
June 26 there was a settlement
fairness hearing held before
U.S. District Court for the
Southern District of New York
Judge Gregory H. Woods. Inner
City Press covered it.
Much
information about the
settlement is on a dedicated
website, here.
At the fairness hearing, an
issue arose whether there
should be appellate legal fees
paid as costs.
It was argued
that if straight appellate
legal fees would not trigger
additional payments, why
should it just because they
changed law firms?
But Judge Woods
in a detailed oral ruling
approved the entire
settlement, noting among other
things that appellate practice
is a speciality that of its
nature costs money and should
be compensated.
The case is In re
SAIC, Inc. Securities
Litigation, 12-cv-1353
(Woods).
***
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