Sheet Metal Workers’ National Pension Fund and International Brotherhood of Teamsters Local No. 710 Pension Fund, individually and as Lead Plaintiffs on behalf of all others similarly situated, and International Union of Operating Engineers Pension Fund of Eastern Pennsylvania and Delaware, individually and as Named Plaintiff, on behalf of all others similarly situated v.
Opinion
trial_court Opinion
I. INTRODUCTION
23 Plaintiffs have filed a motion for attorneys’ fees, reimbursement of expenses, and 24 plaintiffs’ costs and expenses. Dkt. 269. The fairness hearing was held on October 30, 2025, and 25 the motion for attorneys’ fees and reimbursement of expenses is granted as set forth below. 26
II. BACKGROUND
27 The factual background of this litigation has been thoroughly discussed in prior orders and 1 need not be recounted at length here. See, e.g., Dkts. 90, 175. To recap, in 2020 Plaintiffs, pension 2 funds that collectively purchased close to 600,000 Bayer American Depositary Receipts, or 3 “ADRs,” which represent ownership shares of Bayer, brought securities claims against Defendants 4 based on averred misrepresentations made by Bayer in connection with the company’s acquisition 5 of the agrochemical company Monsanto (the “Action”). 6 In May 2023, the Court certified a class of all persons or entities, subject to certain 7 exclusions,1 that purchased or otherwise acquired Bayer’s publicly traded ADRs from May 23, 2016 8 to July 6, 2020 (the “Class”). Cohen Milstein Sellers & Toll PLLC was appointed as class counsel 9 (“Class…