Lens Buyers Urge OK For $9.3M Fee Award In Price-Fix MDL
By Nathan Hale (April 13, 2021, 5:38 PM EDT) -- Lens buyers asked a Florida federal court Monday to approve a request for $9.3M in attorney fees as part of their push for final approval of a $30.2 million settlement to resolve claims against ABB Optical Group in sprawling price-fixing litigation.
The buyers and class counsel told the court in a memorandum that the request for $9.3 million for attorney fees and costs is "well within" the range of reasonableness established by the Eleventh Circuit. The amount equals one-third of the $30.2 million settlement fund after payment of $500,000 for court-approved notice costs, $1 million in anticipated claims administration costs and about...
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