7th Circ. Allows $55M Attys' Fees In Motorola Investor Deal

Law360, Los Angeles (August 14, 2013, 10:23 PM EDT) -- The Seventh Circuit scrapped a challenge to attorneys' fees of $55 million in Motorola Solutions Inc.'s settlement over 3G phone delay claims brought by investors, ruling Wednesday that Robbins Geller Rudman & Dowd LLP was the only firm willing to serve as lead counsel in the case.

The appellate court agreed with an objecting Motorola investor that fees should approximate the market rate that prevails between willing buyers and willing sellers of legal services. Nonetheless, the three-judge panel determined that an Illinois federal judge hadn't abused...
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