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Lawsuits in the News
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Lawsuits in the News
Court Rejects $14 Million Fee For Lawyers, $3 Million For Their Clients
A proposed class action settlement over “price floors” has been rejected by an appeals court after it became clear that the class members would only receive $3 million, while their attorneys stood to make $14 million in fees. A lower court accepted the arrangement without knowing that the payout to the class would be so small compared to the fees.
Read the story: Forbes