A New Jersey federal court judge has finalized the settlement agreement in the class action suit against AOA brought by four of its members.
The settlement limits AOA’s actual costs to $2,617,000, which will be paid by its insurance carrier.
That amount covers the fees and costs of the plaintiffs’ attorneys, Philadelphia-based Duane Morris, LLP. Under the terms of the settlement, the four original plaintiffs—Albert Talone, DO, Craig Wax, DO, Richard Renza, DO, and Roy Stoller, DO—will each receive $15,000 to be paid from Duane Morris’s fees.
There is no other monetary settlement in the case.
The Board of Trustees approved the settlement agreement in July.