Twice-Revised Settlement Agreement Leads to Reduced Attorney Fee Award in Shareholder Litigation Over Altria-Juul Deal
“The initial deal that plaintiffs’ counsel struck with Altria amounted to a fac ade, and the court will not credit plaintiffs’ counsel for their skill and experience where plaintiffs’ counsel failed to bring those qualities to bear in the negotiation process,” said U.S. District Judge David Novak of the Eastern District of Virginia.