7th Circ. Halves Attys' Fees In Sears Washer Class Action

Law360, Chicago (August 14, 2017, 8:32 PM EDT) -- The Seventh Circuit on Monday slashed in half a nearly $5 million fee award for six law firms who worked on a class action involving allegedly malfunctioning washing machines sold by Sears and Whirlpool, saying the award needed to be closer to the amount given to the class.

Writing for a unanimous panel, Circuit Judge Richard Posner agreed with Sears, Roebuck & Co. and Whirlpool Corp. that the $4.8 million an Illinois federal magistrate judge awarded plaintiffs counsel has to be compared to the estimated $900,000 the class will recover. The firms’ efforts over the nearly decade-long case are worth more...

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