Five law firms that represent a class of corporate plaintiffs pursuing antitrust litigation against News Corp. may receive attorney fees equal to as much as 30 percent of a proposed $244 million settlement—or $73 million.
But a federal judge must first approve the proposed settlement, which was announced this month on the first day of a scheduled trial. Then the judge must also approve the attorney fees. The firms have not yet specified how much they will seek in attorney fees. Under the terms of the proposed settlement, however, News Corp agreed to not object if the attorney fees equal as much as 30 percent of the settlement.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
