Attys Nab $5.5M In Fees After $38M Gun Defect Settlement

Law360 (September 6, 2019, 5:51 PM EDT) -- A $38 million deal between Brazilian gun manufacturer Forjas Taurus SA and a class of consumers that claims its pistols were prone to misfiring has been approved, with the plaintiffs' attorneys to receive an additional $5.5 million in fees.

In an order entered Friday, U.S. District Judge Edwin G. Torres said he was convinced the settlement was a good deal for both sides and was negotiated in good faith. After preliminarily approving the deal in March, Friday's order gave it his final stamp of approval following a fairness hearing last month.

Judge Torres, who noted that both sides "engaged in voluminous...

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