EXHIBIT K 

Case 3:15-cv-01465-SI Document 46-11 Filed 03/31/16 Page 1 of 5
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Christopher A. Slater, OSB # 97398 

cslater@slaterross.com 

Michael J. Ross, OSB # 91410 

mjross@slaterross.com 

SLATER ROSS 

Sovereign Hotel, 4th Floor 

710 S.W. Madison Street 

Portland, Oregon 97205 

Telephone: (503) 227-2024 

Facsimile: (503) 224-7299 

Local Counsel for Plaintiffs 

[Additional Counsel Listed on Signature Page] 

UNITED STATES DISTRICT COURT 

DISTRICT OF OREGON 

PORTLAND DIVISION 

In re GALENA BIOPHARMA INC. 

DERIVATIVE LITIGATION 

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Case No.: 3:14-cv-00382-SI 

LEAD 

3:14-cv-00514-SI 

3:14-cv-00516-SI 

3:15-cv-01465-SI 

This Document Relates To: 

ALL ACTIONS. 

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DECLARATION OF BRETT D. STECKER 

IN SUPPORT OF PLAINTIFFS’ MOTION 

FOR FINAL APPROVAL OF PROPOSED 

SETTLEMENT AND AWARD OF 

ATTORNEYS’ FEES AND 

REIMBURSEMENT OF EXPENSES 

I, BRETT D. STECKER, being first duly sworn, state under penalty of perjury that: 

1. I am a partner of The Weiser Law Firm, P.C. (the “Weiser Firm”). The Weiser 

Firm is Co-Lead Counsel for plaintiffs in the above-captioned shareholder derivative action (the 

“Action”) brought on behalf of Galena Biopharma Inc. (“Galena” or the “Company”). The 

testimony provided herein is based on my own personal knowledge, information, and belief and, 

if called upon, I could and would competently testify thereto. 

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2. I submit this Declaration in support of Plaintiffs’ Motion for Final Approval of 

Proposed Settlement. 

3. The Weiser Firm acted as counsel for plaintiff Jeffrey Klein (“Klein”), as CoLead Counsel for plaintiffs, and actively engaged in the litigation of the Action from its 

inception, including factual and legal research, in connection with, inter alia: (i) the preparation 

of plaintiff Klein’s initial shareholder derivative complaint, (ii) the preparation of the plaintiffs 

detailed amended complaint and second amended complaints, (iii) oppositions to defendants’ 

two motions to stay; (iv) the preparation of plaintiffs opposition to defendants’ two motions to 

dismiss, (v) preparation for oral argument on defendants’ respective motions; (vi) the 

preparation of plaintiffs’ confidential settlement demand, (vii) the preparation of a mediation 

statement; (viii) the review of thousands of non-public documents produced by Galena; (ix) 

attendance at a full day mediation; and (x) all relevant aspects of the settlement process. 

4. The total number of hours spent on the litigation of the Action by the attorneys of 

the Weiser Firm is 1,804.50. The total lodestar amount for attorney and paralegal time based on 

the Weiser Firm’s current rates is $856,002.50. The schedule was prepared from 

contemporaneous, daily time records prepared and maintained by the Weiser Firm. The hourly 

rates shown below are the usual and customary rates charged for each individual in all of our 

cases. A breakdown of the lodestar is as follows: 

NAME HOURS RATE LODESTAR 

Robert B. Weiser P 274.50 $715 $196,267.50 

Brett D. Stecker P 567.50 $575 $326,312.50 

Kathleen A. Herkenhoff O 47.50 $600 $28,500.00 

Joseph M. Profy A 88.50 $520 $46,020.00 

James M. Ficaro A 362.00 $350 $126,700.00 

Jeffrey J. Ciarlanto A 264.50 $325 $85,962.50 

Case 3:15-cv-01465-SI Document 46-11 Filed 03/31/16 Page 3 of 5
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David M. Promisloff A 78.50 $320 $25,120.00 

Ross M. Wolfe A 28.00 $220 $6,160.00 

Heidi Liivamagi PL 93.50 $160 $14,960.00 

Totals 1,804.50 $856,002.50 

(P) Partner 

(O) Of Counsel 

(A) Associate 

(PL) Paralegal 

5. The Weiser Firm also incurred a total of $35,404.27 in unreimbursed expenses in 

connection with the prosecution of this Action. The expenses incurred pertaining to this Action 

are reflected in the books and records of the Weiser Firm. These books and records are prepared 

from expense vouchers and check records and are an accurate record of the expenses incurred. 

The expenses include: 

EXPENSE CATEGORY AMOUNT

Mediation Expenses $16,375.00

Travel/Meals $4,277.31

Investigation $6,961.49

Filing/Court Costs $896.91

Postage/Messenger $90.58

Online Research $6,802.98

Total Expenses $35,404.27

I declare under penalty of perjury under the laws of the United States that the foregoing is 

true and correct. Executed this 31st day of March, 2016 at Berwyn, Pennsylvania. 

 s/ Brett D. Stecker 

BRETT D. STECKER 

Case 3:15-cv-01465-SI Document 46-11 Filed 03/31/16 Page 4 of 5
Firm Name: The Weiser Law Firm, P.C.

Categories:(1) Factual Investigation (6) Client / Shareholder Communcations(2) Discovery (7) Litigation Strategy & Analysis(3) Pleadings (8) Settlement Negotiations, Mediation, Stipulation, Briefing (4) Court Appearances(5) Motion PracticeName 1 2 3 4 5 6 7 8 Current Hours RaRobert B. Weiser P 32 0 53.25 0 82.5 0 48.75 58 274.5 $715 Brett D. Stecker P 28 52.5 82.5 81.25 130.75 24.5 74.25 93.75 567.5 $575 Kathleen A. Herkenhoff O 0 0 25.75 0 0 0 21.75 0 47.5 $600 Joseph M. Profy A 0 0 0 61.25 0 0 27.25 0 88.5 $520 James M. Ficaro A 22.25 162.5 23.75 0 39.75 0 43.25 70.5 362 $350 Jeffrey J. Ciarlanto A 62.75 0 71.5 0 87.25 0 43 0 264.5 $325 David M. Promisloff A 29.75 0 36.75 0 0 12 0 0 78.5 $320 Ross M. Wolfe A 0 28 0 0 0 0 0 0 28 $220 Heidi Liivamagi PL 0 0 12 0 59.5 0 0 22 93.5 $160 TOTAL: 

1,804.50 

(P) Partner(O) Of Counsel(A) Associate(PL) Paralegal

In re Galena Biopharma Inc. Derivative Litigation 

Case No. Case No.: 3:14-cv-00382-SI

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