Judge Wants More Fee Info From Cabotage Plaintiffs

Law360, New York (December 8, 2010, 6:09 PM EST) -- A federal judge has requested more information about attorneys' fees before approving $52.3 million in settlements that were reached in a multidistrict litigation accusing several shipping companies of conspiring to eliminate competition in the market for freight services between the U.S. and Puerto Rico.

As the settlements stand now, lawyers for a class of direct purchasers would take home up to $17.4 million, or one-third of the value of the $52.3 million settlement fund, plus the value of the noncash portion of those settlements and up...
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