$173M In Attys' Fees Recommended In CRT MDL Deal

Law360, Los Angeles (January 28, 2016, 8:04 PM EST) -- A California federal court-appointed special master on Thursday recommended the approval of $173 million in attorneys' fees in a settlement ending suits in multidistrict litigation accusing Samsung, Philips, Panasonic and others of conspiring to fix the prices of cathode ray tubes.

Special Master Martin Quinn's report and recommendation said attorneys representing customers who indirectly purchased CRTs were owed 30 percent of the "whopping" $577 million deal in the MDL — the second-largest indirect purchaser settlement ever, he noted.

The purchasers had accused the tech companies of divvying up the market and cutting down on supply to boost prices of CRTs used...

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