Impax Investor Attys Earns $9.9M in Pricing Charges

By Katryna Perera (July 15, 2022, 9:08 p.m. EDT) — A California federal judge on Friday awarded $9.9 million in attorneys’ fees and gave final approval to a $33 million settlement that resolves the allegations that generic drug maker Impax Laboratories Inc. failed to disclose a federal investigation into possible collusive market activity.

U.S. District Judge Haywood S. Gilliam Jr. issued an order that he believes the settlement is reasonable in light of continuing litigation risks, including a pending motion to dismiss by the defendants for lack of jurisdiction in the matter .

The settlement fund represents approximately 12.5% ​​of the estimated recoverable damages at trial, according to the order, which Judge Gilliam said was in…

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