In re CD Minimum Advertised Price Antitrust Litigation
- Case Date: 3/3/2003
- Project Name: Reining in the Plaintiffs' Bar
On June 13, 2003, the U.S. District Court for the District of Maine upheld the proposed settlement of a nationwide class action under which the attorneys are to be paid $12.5 million in fees. The decision was a setback for WLF, which had filed a brief objecting to the fee award. The suit alleged that distributors and retailers of music compact discs (CDs) had conspired to fix retail prices of CDs. The settlement calls for payments of no more than several dollars to injured consumers. WLF argued that in light of this small benefit and the minimal work undertaken by the plaintiffs' attorneys (the issue had already been fully investigated by government officials), the $12.5 million fee request was grossly excessive. investigated by government officials) the $12.5 million fee request is grossly excessive.
More Information and Downloads:
3/3/2003: Download the Brief
Litigation Update: Court Upholds Attorneys' Fees in Compact Disc Antitrust Class Action Case