Law360, San Francisco (January 29, 2014, 7:36 PM EST) -- A California federal judge said Wednesday he would give final approval to Apple Inc.'s $53 million settlement with consumers who say Apple wrongfully refused warranty coverage on iPhones and iPods, but held off ruling on plaintiffs' “extraordinarily large” bid for $16 million in attorneys' fees.
Apple vehemently opposed the fee proposal, saying the plaintiffs unnecessarily used duplicate counsel for many activities but didn't do much to litigate the four-year dispute.
“The fee demand here is unreasonable,” Apple's attorney Penelope Preovolos of Morrison & Foerster LLP said....
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.