Ongoing Case Highlight: In re Cathode Ray Tube (CRT) Antitrust Litig., 2016 U.S. Dist. LEXIS 102408 (N.D. Cal. Aug. 3, 2016)

Summary:

After the settlements, the lead counsel requested an attorneys fee award amounting to 30 percent of the total settlement amount. The court found that the case was complex and the plaintiffs' counsel achieved fairly strong result, and approved the award.

Takeaway:

This was a huge case whose damages could have been up to $2.8 billion. The settlement amount is significantly lower, but it was not cheap. To give a rundown of the payouts:

• Chunghwa:  $10 million
• TDA:  $13.75 million
• LG Electronics:  $25 million
• Hitachi:  $28 million
• Toshiba:  $30 million
• Panasonic:  $70 million
• Phillips:  $175 million
• Samsung SDI:  $225 million

This resulted in the $173 million in attorneys fee for the plaintiffs and more than $7 million in cost reimbursement.