9th Circ. Judge Rips Indirect Buyers' $577M CRT Settlement

Law360 (April 10, 2018, 9:13 PM EDT) -- A Ninth Circuit judge on Tuesday criticized lead counsel for indirect buyers of cathode ray tubes who secured a $576.8 million bundle of antitrust settlements with tech giants like Philips and Panasonic, saying it's a "problem" that they secured the nationwide deals without looking out for people in Massachusetts, New Hampshire and Missouri.

U.S. Circuit Judge Richard Clifton noted that the settlements released claims on behalf of consumers in the three states, even though indirect buyers in those states didn't get any money from it or have counsel or plaintiffs representing them.

"I know defendants want complete peace, but you can't...

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