The plaintiff in a class action regarding an alleged price-fixing conspiracy for cathode ray tubes sought approval of national settlement agreements with three groups of defendants (Toshiba, Hitachi, and LG) totaling over $14.3 million.
The plaintiff also sought approval of class counsel fees at 25% of the recovery, plus disbursements, and an order to discontinue the action against certain Samsung defendants.
The court approved the settlements, finding them fair, reasonable, and in the best interests of the class.
The court also approved the requested fees, noting the risks undertaken by class counsel, and permitted the discontinuance.
