Attys' $5.9M Fee Bid Slashed In IPhone Antenna MDL Deal

Law360, Chicago (August 13, 2012, 1:44 PM EDT) -- A California federal judge refused to award $5.9 million in requested fees Friday to attorneys for plaintiffs settling multidistrict litigation over an alleged antenna defect on Apple Inc.'s iPhone 4, finding a multiplier was inappropriate and signing off on a $2.16 payment million instead.

Despite the ruling on fees, U.S. District Judge Ronald M. Whyte did grant final approval to the settlement, which calls for Apple to offer a $15 cash payment to each member of the class of U.S. residents who are or were original...
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