Plaintiffs Team Seeks $200 Million Payday in Price-Fixing Case
Lawyers with Trump, Alioto, Trump & Prescott have requested one-third of a $577 million settlement fund for pressing claims against the makers of cathode ray tubes.
September 24, 2015 at 11:37 AM
2 minute read
SAN FRANCISCO — Plaintiffs lawyers with Trump, Alioto, Trump & Prescott have requested $192 million in fees for their work settling a massive antitrust case over the price of cathode ray tubes.
The fee request represents one-third of the $577 million settlement fund, which lead counsel lauded as “one of the largest recoveries ever on behalf of indirect purchasers.” The lawyers also asked to be reimbursed for $3 million in litigation expenses and to distribute $450,000 in incentive awards among the lead plaintiffs, according to the fee motion filed Wednesday in the Northern District of California.
The court approved a $10 million settlement with Chunghwa Picture Tubes Ltd. in 2012 and a $25 million settlement with LG Electronics Inc. last year. This year, the court granted preliminary approval to additional deals struck with Panasonic Corp., Hitachi Ltd., Toshiba Corp., Samsung SDI, Philips, Technicolor S.A. and Technologies Displays Americas.
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