$30.2M Deal, $9.3M Fee Award Greenlit In Lens Price-Fix MDL

By Dave Simpson (June 1, 2021, 9:22 PM EDT) -- A Florida federal judge signed off Tuesday on a $30.2 million settlement to resolve claims against ABB Optical Group in sprawling price-fixing litigation and also granted $9.3 million in attorney fees plus $1 million for future anticipated claims costs.

U.S. District Judge Harvey E. Schlesinger greenlit the fee bid, which equals one-third of the settlement fund after payment of $500,000 for court-approved notice costs, $1 million in anticipated claims administration costs and about $750,000 in expenses.

"The court has considered the applicable case law and finds that awarding the requested attorneys' fees is fair and reasonable and just compensation for the...

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