Satisfied with the attorneys’ explanation of their requested fees, a federal judge awarded $7.5 million to the plaintiffs’ lawyers who negotiated a $25 million settlement with three of the defendants in a case alleging price-fixing among egg producers.

U.S. District Judge Gene E. K. Pratter of the Eastern District of Pennsylvania awarded the fees, which amount to 30 percent of the settlement, as they had initially been requested, finding that the lawyers had given her enough information to properly weigh the 10 factors for approving a percentage-of-recovery award, rather than the lodestar method, laid out by the U.S. Court of Appeals for the Third Circuit.

This content has been archived.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

Why am I seeing this?

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]