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04/11/08
The judge in the case, Chief Judge Harvey Bartle III, estimated that the lawyers had logged over 578,000 hours or around 24,000 days. That's about 66 years of around-the-clock work.
In 2002 the judge awarded interim fees of more than $156 million. Now the judge has awarded an additional $412 million, bringing the total fee award to $568 million.
That's a nice chunk of change, though it will be spread out amongst 79 different firms. However, the firm likely to get the lion's chunk of the money is lead plaintiff's firm Levin Fishbein, which will be getting quite wealthy with hundreds of millions awarded.
Wyeth, the company responsible for paying all of this, has ended up paying more than $7 billion over this case.
It sounds like a bunch of attorneys will soon be looking for work on new cases now that the Fen-phen case is almost over. As soon, that is, as they get back from their vacations resulting from all that dough they just got.
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