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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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