They're willing to dig into their pockets and do whatever is necessary for their clients.

- Kenneth Feinberg, special master, Sept. 11 Victim Compensation Committee

Endosurgical Products

Practice Area: Antitrust

In re Endosurgical Products Direct Purchaser Antitrust Litigation, CV 05-8809-JVS (MLGx) (C.D. Cal.)

On December 31, 2008, the Court preliminarily approved a settlement with the defendant valued at more than $39 million and certified a settlement class.  Under the terms of the settlement, the direct and indirect purchasers will receive $13 million in cash and injunctive relief conservatively valued at at least $26.1 million.  The defendants also have agreed to pay costs of up to $500,000 associated with providing notice of the settlement and fairness hearing.  The fairness hearing is scheduled for May 19, 2009.  Cohen Milstein serves as co-lead counsel for the direct purchaser class in this matter.