When Weil, Gotshal & Manges litigators get tapped for an antitrust class action, you can usually assume the firm is playing defense. But a bit of role-reversal paid off for Weil this week, when a judge awarded the firm $16 million in class counsel fees and signed off on a $58.5 million settlement it negotiated with the performance rights organization SESAC LLC.
On Wednesday U.S. District Judge Paul Engelmayer in Manhattan granted final approval to the settlement, which resolves claims that Weil brought on behalf of a group of network television affiliates. The deal caps more than five years of litigation over claims that SESAC violated federal antitrust law through its practice of issuing blanket, all-or-nothing copyright licenses to local stations.
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